Topic: Don't ignore the fundamentals. (Read 878 times)
OKcupid is great news! I didn't know until just now. Googled it up, very cool. And yes, even if this is a reversal, it won't be a straight line upwards. There will be opportunities. Last night does look quite bottom'ish, but lets see how things play out before even calling reversal yet.
Thank you for the good news and the reasonable sentiment. 
While I am a strong believer in TA and Price action, it's worth remembering that it can be indicative of things that you are not currently aware of in the background as well as responsive, Ie, it can be both. Fundamentals happen in parallel with price action, and more often than not in my experience have a lagging effect.
Today, both OKCupid and MetArt announced they would be taking BTC for payments, both have large userbases some of whom appreciate discretion, discretion which only BTC can offer.
I'm not being bullish or bearish on this, but it does help to step back and look at the bigger picture time to time. Even if TA indicators are starting to show an emergent reversal pattern, it's worth remembering there will be opportunities along the way that shouldn't be lost for lack of vision.
Good hunting.
Today, both OKCupid and MetArt announced they would be taking BTC for payments, both have large userbases some of whom appreciate discretion, discretion which only BTC can offer.
I'm not being bullish or bearish on this, but it does help to step back and look at the bigger picture time to time. Even if TA indicators are starting to show an emergent reversal pattern, it's worth remembering there will be opportunities along the way that shouldn't be lost for lack of vision.
Good hunting.
Great news for Bitcoin and might help explain some of the buy in today. This I see as better than other speculation since OK Cupid has always been ahead of the tech curve and can easily accept Bitcoin. I know they used to be free and then started charging small fees, not sure how profitable they are now. Still as more vendors adopt Bitcoin it does bring hope and actual fundamentals.
While I am a strong believer in TA and Price action, it's worth remembering that it can be indicative of things that you are not currently aware of in the background as well as responsive, Ie, it can be both. Fundamentals happen in parallel with price action, and more often than not in my experience have a lagging effect.
Today, both OKCupid and MetArt announced they would be taking BTC for payments, both have large userbases some of whom appreciate discretion, discretion which only BTC can offer.
I'm not being bullish or bearish on this, but it does help to step back and look at the bigger picture time to time. Even if TA indicators are starting to show an emergent reversal pattern, it's worth remembering there will be opportunities along the way that shouldn't be lost for lack of vision.
Good hunting.
Today, both OKCupid and MetArt announced they would be taking BTC for payments, both have large userbases some of whom appreciate discretion, discretion which only BTC can offer.
I'm not being bullish or bearish on this, but it does help to step back and look at the bigger picture time to time. Even if TA indicators are starting to show an emergent reversal pattern, it's worth remembering there will be opportunities along the way that shouldn't be lost for lack of vision.
Good hunting.
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