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Themoon

Ok we were right not to pay 25k but how about 20k?Update from vacation in Stellenbosch South Africa! It's lovely here. That is all. OK, seriously, in the associated posts I spelled out why it was dumb to follow the "influencers" who just want you to trade, and who don't care if you make money. They were all howling for the moon at $24-$25k. The screenshot on the chart had BUY BITCOIN !!!!!!!! 3 weeks ago. Luckily YouTube automatically alters his titles when he screws up, so now it has ?????? after it instead. Only idiots follow him. So, to answer the question, at this lower ($20k) level it is worth a DCA buy. The rally to 25k is bullish evidence, but wasn't a buy opportunity. Maybe buy when Carl says sell? (Like he is now) There may be another rally back up and another drop to come. I don't think it goes down to 16k, simply because everyone would love that. I think that might actually be bearish, in fact. There are other reasons, but I'm keeping them for subscribers. Have patience, suppress your instincts. If you listened and didn't buy at 25, you have no pressure on you.
COINBASE:BTCUSDLong
by Paul_Varcoe
15
Bitcoin Bull Run is coming!That got your attention, didn't it? While it IS coming, we don't mean right now this week. This sort of post always gets people's attention. There are lots of them like it at present, and we are all only human. It is very difficult to ignore visual stimulus like this, but you simply have to if you are going to survive in the trading world. The world was full of FUD and negative posts when BTC was $16k. How strange! The influencers simply reinforce whatever belief they think you have. At the bottom you were miserable and so they told you it was "all over for bitcoin" (thanks Carl). Now you are happy and they are feeding THAT feeling instead. They just want you to trade. If you make accounts and trade, they make money! Myself and @Mayfair_Ventures have predicted almost all of this. Look here This is Lewis's series of predictions. All drawn from logic and not cherry picked. We don't take videos and ideas down, so you can browse any of them. Please just listen to logic. Follow @Mayfair_Ventures as well if you haven't already. He will comment on Bitcoin later. Have a read when he does, but buying it here will NOT be what he recommends...
COINBASE:BTCUSDLong
by Paul_Varcoe
6
BTC: Don't open the oven half way through.This thing is not yet cooked. It's so exciting to see it moving upwards after so many months, isn't it? It is a bullish sign so far according to our analysis, but looking in the oven when the pudding is trying to rise is not advisable. This is a MONTHLY move, and they can be incredibly protracted. This one is no exception. The volume isn't what it should be yet, also. Be careful. Those of you who have been listening and averaged in using cash BTC like me, should be happy that we are getting a Sign of Strength. Nothing has changed since my last essay on this subject a few days ago. I still expect a pop up above 25.5k to get the last shorts out. It could even wick up higher, but the mass of red bags around 30k isn't going away. I still think the best way to get your money out of you would be a pop as above, followed by a series of dips that look very buyable. Those of you not puffed in at the top will buy these dips instead if you aren't careful. There will be another drop to beat the stuffing out of you afterwards. You may notice I use two (different) price inputs and divide the sum by 2 to get an average that smooths out price and makes volume more accurate. Public Service Announcement: (This should be a Public Financial Health Warning) The moonbois are out there with their mouths open, try not to let your animal instinct take over. You have a brain, use it. The video on the left is basically an ad for BuyBit. Go ahead and watch it and then say I am wrong. The psychology is simple: Tell the people what they want to hear, and give them an avenue to spend their money. Win or lose, he makes money. You? He isn't bothered if you do. The solo video was from only 6 days ago. How did THAT make you feel? Bullish? See how he inflated the price axis to make it seem more extreme? You all remember the bull times in BTC and how it ran off and you had to hold your breath and believe? That's the memory the big boys want you to have, and they will take advantage.
Editors' picks
BINANCE:BTCUSDLong
by Paul_Varcoe
40
How to run a marketing business in Bitcoin in 7 steps.This is how influencers make loads of money. I am just using this one as an example, because I know them the best. They are probably not the worst one. Step 1. Make it look like you are mega rich and successful, basically make sheeple aspire to be you so that they forget logic and reality. Step 2. Open your mouth really wide. I have NO idea why this works but they all do it. Lazily copy the same image many times. Mirror image is fine. Step 3. Make it seem like you have to act RIGHT NOW! Use buzzwords that new traders have heard of, like Golden Cross. Step 4. Exaggerate the tiniest move. When Bitcoin is flying, encourage buying, because that's what sheeple want to hear. It triggers their greed. When the price is in the toilet, encourage them to sell, because that triggers their fear. Step 5. If your analysis turns out to be wrong, remove the video or change its name. (I have proof, before you ask) Step 6. Have affiliate links with brokers and exchanges so that every time someone deposits you get a massive cut, as the exchanges know sheeple are going to lose as soon as they start. Don't forget that 90% of new traders lose 90% in 90 days. The exchange knows this, and can pay you half of the deposit if it wants to, and still make money. Step 7. Profit from the affiliate links and the YouTube views. No need to trade. Even shill a coin that you create. Easy money. It's all in the marketing team. Don't be sheeple, people. Listen to logic. There is still likely to be a long time before this plays out. We are bullish of BTC, but we want to wait for confirmation, not just buy every 5% rally and sell every 5% drop. We have been saying that this is the value area for months. If you have been listening, then you have averaged your purchases below like 28k, and you are in cash with no margin. Trading BTC on margin is a bit of a mug's game. Too easy to get wicked out. 28k may sound high as a starting point, given the low, but it sure ain't 35k or 45k or 67k like the influencers recommended. I am long at around 22k on average and happy with it. We expect another visit to 30K but probably also 18k or lower, just to iron out all those who got excited since January, and make them feel sad enough to sell. If you have any ammunition left, save it for the next drop, or wait for confirmation and buy it higher. Less reward but a LOT less risk. These price movements are good signs, but it is EARLY IN THE PROCESS Patience is a hard skill. Good luck. Stop listening to these people. Calm down.
COINBASE:BTCUSDLong
by Paul_Varcoe
12
Please curb your enthusiasm in Bitcoin.At the moment there are a lot of internet "gurus" spouting nonsense. The guy in the picture is just one example. Over 500,000 subscribers being told that BITSTAMP:BTCUSD will be $50,000 in the next 3-4 months and to buy it up here after this rally. They are all telling you EXACTLY WHAT YOU WANT TO HEAR. When the price was $18,000 they were saying it was all over for Bitcoin. They are basically marketers not traders. They market for Buybit or Bitget or whoever. They make a lot of money when someone like you puts money into an exchange account. Now, turning to logic: Look at the chart, especially at the volume, which tells us a story, which I have marked. There is also the psychological story. Lots of you are nursing nasty red bags from the last consolidation around $30,000. You would love it to get there so you can get out. PSA: That's why it won't get there this time. Maybe next time, possibly after you have given up and sold your position after the next drop. All the price has done is pierce a succession of stop-loss levels to ping out the shorts who sold lower down, believing the negative press and the chat from exactly the same people who are now saying it is going up. I reckon one more pop up to the next level just north of $25,000, then a slow melting away, with you buying every dip. Patience is a virtue. It's hard to be patient I know. Hang on, this is a MONTHLY structure and this is still the beginning of the accumulation, not the end. We will tell you when we think it is the end.
Editors' picks
COINBASE:BTCUSDLong
by Paul_Varcoe
105
Crypto Regulation & Retail Protection Continuing FarceWhile the Securities & Exchange Commission continues litigation against Ripple $XRP and Library $LBRY, retail gets REKT by "influencers" peddling their wares. $VPAD & $KASTA were developed/introduced by some of the most well known YouTube & Crypto influencers in the market. Each having dumped on the influencers' followers and the Crypto market. 18,800+ "cryptocurrencies" and climbing. Regulatory agencies like the SEC & CFTC are way behind the power curve and will continue to fall behind the remainder of the year as the administration looks to have "policy recommendations" in 12-18 months.
V
by R0MM3LL
Fantom FTM Usdt breakout and retest of the all time highmessage me for any questions, here i am using ichimoku, concencio moving averages and the resistance of the ath where i believe there is space for the price to move freely into and retest the All time high here. we may also see a break out from the all time high having looked at the weekly chart, FTM hasnt really been affected by this downturn too much in the market and still is bullish printing a no, 1,2 and now 3 bullish candle (on the weekly Tom demark sequential) My game plan here is to see a no8 print close to the resistance of the ath, take some profit, leave the rest, use trailling stop and wait for a break of the ATH.
BINANCE:FTMUSDLong
by cryptouk
9
BIG DUMP FROM BEARISH DIVERGENCE ON DAILY..TARGET 52000.00also we are now sitting in a large s.triangle and this pattern is a continuation pattern as you know we have been going down now for 24 hours and i believe its just begun the fall and i see a test back at resistance level of 58000 and then it will continue down ,if u want to take the short then wait till the bearish red candle closes below the triangle and then put stop loss above resistance and better yet above the 55-ema, the target is 53100.00 and then trail down to support at 5200.00 and once it hits that target then take profits then wait for a pin bar or engulfing green candle and BTFD buy the f dip!
BYBIT:BTCUSD.PShort
by TRADERBUG_TECH
1
DEADLY Accurate levels from Monthly log. Spider LinesThis chart's support and resistance was inspired by Crypto Face's spider line drawing method, I took candles from the monthly time frame and toggled 'Log' and drew the lines all the way from the first BTC monthly candles. I took every Monthly candle and drew extended rays, first point coming from the top of the first candle low candle of each cycle, second point on the top of nearest ATH at the time. By rinsing and repeating this process through the whole duration of BTC's lows and few ATH candles, this chart was born. You can clearly see that price action reacts very strongly to these levels. You could solely rely on this chart, but it would be best to pair with other TA in my opinion. I have not tested this with other cryptos just yet but I plan to in the near future.
BITSTAMP:BTCUSDEducation
by jayfisher
2