Word of Caution (Please Read)
Updated
Hello everyone-- first and foremost, I am long on BTT (perhaps it will be for very longrterm--- we will see shortly).
Regardless of the project/ Justin Sun / BTT has much more attention than any other alt, so, if you say that this is a scam by them or a quick way to get money / no worth /etc. STOP. There are many other alts that are much more "worthless" than BTT.
In the next few years, we will see who the winners are.
BUT: In the meantime. See the chart, you can go long now (hoping we break out this week). However, perhaps after breakout if it happens, its not a get rich quick-- it would be a little sideways movement until potential big games. I do expect, at SOME point (no idea on timeline), BTT will have new ATH's.
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BE CAREFUL. Large holders could VERY WELL dump through this support we have all been claiming (12 sats). I would not be surprised to see a large dump.
**MY OPINION** DO NOT SELL on this dump if it were to happen, this is a way for you to get fucked (say you sell at 10, goes to nine, shoots back up to 12). So now youve lost 30%. BAD, and the large holders have even more. DO NOT FALL for manipulation. IF YOU ARE LONG, STAY LONG. Dont let wild swings spook you.
PLEASE: Comment any comments on this, the HORRIBLE bot trading (on all crypts), and USDT BTT (WTF is going on there!?).
If I were CZ, I would not be doing this, you are slowly losing crypto investors and traders to such shit manipulation and bot trading. You have NO chance to "day trade".
IF YOURE LONG----> STAY LONG
IF YOURE FEELING DONE WITH CRYPTO ---> BE DONE (or, just buy some BTC and hold it).
We will see how this plays out shortly. I promise, no indicators (volume, etc) are helpful here. (BTT that is). Whatever happens is going to be quick.
Id love an open discussion in the comments section!
Regardless of the project/ Justin Sun / BTT has much more attention than any other alt, so, if you say that this is a scam by them or a quick way to get money / no worth /etc. STOP. There are many other alts that are much more "worthless" than BTT.
In the next few years, we will see who the winners are.
BUT: In the meantime. See the chart, you can go long now (hoping we break out this week). However, perhaps after breakout if it happens, its not a get rich quick-- it would be a little sideways movement until potential big games. I do expect, at SOME point (no idea on timeline), BTT will have new ATH's.
\
\
BE CAREFUL. Large holders could VERY WELL dump through this support we have all been claiming (12 sats). I would not be surprised to see a large dump.
**MY OPINION** DO NOT SELL on this dump if it were to happen, this is a way for you to get fucked (say you sell at 10, goes to nine, shoots back up to 12). So now youve lost 30%. BAD, and the large holders have even more. DO NOT FALL for manipulation. IF YOU ARE LONG, STAY LONG. Dont let wild swings spook you.
PLEASE: Comment any comments on this, the HORRIBLE bot trading (on all crypts), and USDT BTT (WTF is going on there!?).
If I were CZ, I would not be doing this, you are slowly losing crypto investors and traders to such shit manipulation and bot trading. You have NO chance to "day trade".
IF YOURE LONG----> STAY LONG
IF YOURE FEELING DONE WITH CRYPTO ---> BE DONE (or, just buy some BTC and hold it).
We will see how this plays out shortly. I promise, no indicators (volume, etc) are helpful here. (BTT that is). Whatever happens is going to be quick.
Id love an open discussion in the comments section!
Note
Note, my green arrow just means if we break out of this thing, I think we can consider us "safe" from sub 12sats. The arrow doesnt represent a timeline (of going sideways for months--hell no).Note
One bullish (or, reversal) outlook would be to have a weekly close (BTT:BTC) at 14 sats which would print a "dragonfly doji" on the weekly chart.Note
And, as Keifer mentioned, we may look back one day (next bull market) at BTT as a steal to buy now. Its always great looking at [ahh, but not great if you dream about... :( ] TRX pre bull run, dipping to 17 sats within a couple months of extreme market rise to where it went >2000 sats. Not saying that here, but if you believe such may happen again, BTT is a steal. Again, if you believe (which there is reason for) new money coming in and BTT just being hype b/c its TRON. So, say its worthless now (many said and still say the same about TRX-- but time has told a different story), you may look back at it as we all look back on TRX now. The BOMB on 2017 (XRP too.).. I dont own TRX or XRP currently.Note
If you going to buy BTT, pleaseeeeee do a limit order (laughing emoji)--- we need to get volume up! Limit at 13 sats if youre thinking of buying. Or, as I have already said, if you have USDT, buy it there to save yourself the 3-4%.Note
Honestly... If BTT was going to dump, wouldnt you think it would have happened by now?? Like, right when news out yesterday. We didnt see this, I am leaning more towards (or,, perhaps I am just HOPING more ;) ) us breaking out of this wedge in a positive way. Get us to 13-14 sats and go sideways for a short while would be very healthy.
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