Sorry
Abstract art: Threading the Needle 01I'm up late and a little stoned so I thought I'd make a chart with some silly lines because charting accounts for roughly 10% of a market like bitcoin.
So trend lines are dope til the candles swing under. Sometimes it's a trap, but usually it points to a massive sell off. All I see are buy signals. All I see is FUD news. Who would've expected bitcoin to cling to the floor like this. It's a magical time. Currently people are looking for ways out of the impeding doom about to unfold/is unfolding on Wall street.
I'm neutral for the sake of this post and because it's not critical. A gamble would be to buy bitcoin when it was at 9,800. A friend wants to re-enter 8.6 but they'll never see it. What's the worst gamble I can make right now other than selling. May as well permabull Bitcoin and crypto. The game is hot.
Bitcoin: Moving FastBitcoin: BTCUSD 3 minutes too late...
The fall from the right hand shoulder peak at just below the
next long trigger at 7425 has been greater than expected for
sure. Any stops under buy orders at 7250 have been blown
away. Not good. Any day-trading profits from upside earlier to
4725 neck line now reducedby the bad recent long if buy
orders at 7300 were implemented creating a 60 point or so
loss. Bad one. Sorry.
So now it's flipping around below resistance at 7260-7280 and
whilst unable to break above here 7280 and hold it's still
vulnerable to more selling pressure.
We can easily come back to 7135 and 7077 again if 2780 keeps
stopping rally attempts from here. Pattern not good in near
term..a break below 7200 triggering that next decline to 7135
and then, if this fails back to 7077.
The day belongs to day-traders so far: would rather play short side for now...
Monero Lurking Beneath The SurfaceThis is a short and sweet one on my thoughts on Monero. I think things will be pretty quiet until late July-August.
Monero has great fundamentals and tech behind it. Another thing I love is that they barely market it and that they are very humble when questioned about any positive or even negative news.
Due to what Monero is I believe it will peak towards end of year especially around Christmas and New Years. Although we should start seeing some movement a few months beforehand.
On the long term side of things, 3-5 years I believe we are looking at one of the big 4 coins. So far I see Bitcoin, Ethereum, and Monero (not including ripple in the price sense of things.) I don't see Dash holding its position until they actually solve a problem that hasn't been solved already.
Anyway that's my Monday night ramble. If you're looking for a proper "down the line" long term investment then Monero is the coin that will make a fortune if you invest right.
Get involved and one-day too you can become the guy that everyone says your lucky and people envy you because you have that endless supply of cash
