I agree that technically bitcoin looks in pretty bad shape.
I want to make sure reading this thread here (which is quite good btw Lucif) is not making their trading decisions based solely on technical information alone. The paypal news today is something that the community has been waiting for since I joined this forum. This is the moment when we change from might be... to will be a major player in commerce of the future. Because of the technical bearishness of the last year or so I think people are not registering how large of a shift this actually is. In the not so far off future that will certainly change and morph into the euphoria we (those who have been around here for a few years) have all become accustomed to and the price will follow suit. Ignore the fundamentals at your own peril.
Oh well, I just specially opened this thread to send my greetings to "news traders" and saw this =)I want to make sure reading this thread here (which is quite good btw Lucif) is not making their trading decisions based solely on technical information alone. The paypal news today is something that the community has been waiting for since I joined this forum. This is the moment when we change from might be... to will be a major player in commerce of the future. Because of the technical bearishness of the last year or so I think people are not registering how large of a shift this actually is. In the not so far off future that will certainly change and morph into the euphoria we (those who have been around here for a few years) have all become accustomed to and the price will follow suit. Ignore the fundamentals at your own peril.
xbtusd is in medium-term bearish zone, it didn't escaped from daily and weekly red area still. Even with such moon fundamental news.
So far....
Maybe people just tired to buy so the market doesn't give a fuck to even paypal?
Or probably aunt Yellen tired to print? Or wait... probably true financial armageddon is on a table and whales just want to get their $$$ back, primary from emerging markets. Or even put all together...Anyway, you are talking about fundamentals of bitcoin, but you don't take into account The World Financial Fundamentals, 100s trillions dollars fundamentals which prepare to sudden change.
But everything may change quickly. Welcome to times of great changes, which hated by every chinese. I still don't beleive I outlived two destructions of motherland. But much more is ahead for all of you. Rothschilds will win this time.
