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Topic: Don't know what to think - page 3. (Read 442 times)

legendary
Activity: 2366
Merit: 1130
June 15, 2021, 10:44:29 PM
#16
You takes too much thinking about TA if bitcoin. Just let it be. Are you a daily trader? Until you thinking that too hard where the bitcoin price will go later. If it crash, just buy it more or HODL it, just simple as that from me. I don't like to see the chart too often
sr. member
Activity: 2772
Merit: 357
Eloncoin.org - Mars, here we come!
June 15, 2021, 10:38:03 PM
#15
Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.
What are those trashing the technical analysis ?

and how does you come to laugh when you said not knowing what to say?

Quote
I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

What the heck that death cross always being in the scene when the truth is this may happen or may not . this was just being spam to make some bad reputation for the market.
STT
legendary
Activity: 3878
Merit: 1411
Leading Crypto Sports Betting & Casino Platform
June 15, 2021, 07:58:14 PM
#14
I follow TA alot and none of it gives certainties, its giving scenarios which may happen and in that foresight you are better able to trade.   Moving averages are just simple indicators thats all it relates to, because this particular idea includes the 50 day its about trading not considering BTC to hold or not.   You dont actually to worry too much about trading, its nice to buy at a low during a month but just being part of a rising trend also year to year is enough also.



Mostly we have uncertainty, patterns of selling but the 200 day is rising every day also which means long term positive price action.    The blue and yellow are averages that are very probable to meet
sr. member
Activity: 1316
Merit: 254
United Crowd
June 15, 2021, 07:48:49 PM
#13
current market conditions are not suitable to be said to be bearish and also not suitable to be said to be bullish.  I think the condition shows that the market is completely controlled by whales.  Elonmusk, China, America and Tesla... they have an argument that makes the market very unpredictable.  maybe if you like gambling then this is your chance to play futures trading
hero member
Activity: 2828
Merit: 767
June 15, 2021, 06:28:17 PM
#12
You would definitely be on confusion if you are trying to believe and trying to make it work into those signals that you hand heard off from somwhere.

As said or mentioned above that we are all in confusion because this market is always been unpredictable. No TA's could make out precise 100% prediction on where the price could possibly go.

Lots of factors that could affect price movement or sometimes there's no reasons at all and that what makes us confused and having the feels on
whats going on with this market.
legendary
Activity: 2940
Merit: 2144
June 15, 2021, 05:38:12 PM
#11
Ignore the 4chan rumors, they can't be verified and could just be a method to manipulate the market.

It's normal to feel confused, because these are very uncertain times for Bitcoin market. It's on crossroads before bull and bear markets, and no one really knows what will it choose. The coming news could influence the market greatly, and no one, aside from insiders, can predict them. There could be more government adoption or government bans, there could be institutional buys or institutional dumps.
legendary
Activity: 3486
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
June 15, 2021, 05:03:12 PM
#10
Do not believe in 4chan, do not believe in the charts, anything you can see that gives you a hint about the future is either made up so that people can manipulate the market or it is simply just a wrong thing that you are looking into, if bitcoin was something we could have looked and saw the direction then we would have been super rich.

I have seen a rich guy paying 10 thousand dollars to build some sort of social media army (for a politician, not crypto) and ever since that moment I am not even entirely sure if a person I see online is actually a person or if it is an army trying to convince me to do something. Which is why the price could either go up or down and we have no idea which one it will be, I still think that we are doing fine, look we are over 40k all over again and that is a great increase however that is not exactly mean it will continue like this neither.
legendary
Activity: 2450
Merit: 1322
June 15, 2021, 03:14:53 PM
#9
Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.





You are still relatively new to the market so I understand that you are relying on external sources for you to decide what to do, but this is a mistake, you need to try to tell what the market is going to do on your own and the best way you do this is by having some experience under your belt, it is going to take time but if you get there you will be able to see more clearly what is happening, it was clear to a lot of people that what we saw was not a crash as it simply did not match any of the instances in which we saw a crash in the past and as such a recovery was to be expected.
hero member
Activity: 2926
Merit: 722
Leading Crypto Sports Betting & Casino Platform
June 15, 2021, 01:59:20 PM
#8
Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

Get used to it and this make out some realizations that technicals doesnt really work from time to time when it comes to crypto price movement predictions so you should be aware on this one.

You would really be making yourself get confused if you do heavily rely with technicals then always set up some back up plans incase it wouldnt happen.

Dont make yourself easily believe about of those leaked informations or somewhat because we are all the same speculators here on this market.
legendary
Activity: 2114
Merit: 1292
There is trouble abrewing
June 15, 2021, 11:59:05 AM
#7
i don't know what TA you are talking about that got trashed but you should know that most TA you see is already wrong regardless of what has been happening recently. and you can always analyze the charts in a way to get a different prediction.

bitcoin has been in a bull market for some time now and i don't think that has changed yet. we may call the past month a small bear market but i don't think it would be a correct use of the term. it was more like a short term bump on the road and it takes time for the bitcoin car to get back on the road again and reach $70k.
legendary
Activity: 3108
Merit: 5364
Fortis Fortuna Adiuvat⚔️
June 15, 2021, 10:39:12 AM
#6
I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

I know what you're talking about, but I'm not sure if it's something that can be verified as true information or if someone fabricated the whole thing. It mentions a relatively quick return to levels above $60k, more precisely to reach the new ATH and $70k - but it is not specified when it could happen given that it has been almost a month since we have been on a downward trajectory - if we exclude what happened yesterday.

Even without someone posting insider information, I personally believe that this year is extremely bullish, but as always one should expect occasional corrections which are quite normal. All in all, the situation is not bad at all, because all possible FUD that was launched in the past month failed to bring down the price to less than $30k - which for some was obviously the goal.

We have another 6+ months until the end of the year, and I hope that as the end of the year approaches, things will flare up again Smiley
hero member
Activity: 2534
Merit: 824
June 14, 2021, 09:45:09 PM
#5
Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

Just so remember that TA is not a exact science, so it's a hit or miss really.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.

Everyone can make a wild guess, crypto is a speculative assets, and maybe those so called "leak" as coincidence. I still remember one TA in 2017 though, saying that the market will god down around March-April and it didn't and it says it will continue. But then again the market bounce back in May and then the eventual bull run at the EOY.
full member
Activity: 616
Merit: 100
gik nyareh proyek seteppak pas sepak
June 14, 2021, 06:45:13 PM
#4
Just don't be confident with everything you have read. It could be just another rumor or just someone who wants to play with the readers feeling. But if that so happen that it is for real then prepare for your position and just enjoy this comeback that bitcoin is doing. With too much thinking, it's just going to put much pressure on you and will probably result to you that you're going to sell earlier and then if another pump happens, you'll have that thought that you should haven't sold earlier. That's why it's better to relax with these runs and think of a better plan.
To be honest you are perfectly right, I've dealing with so much stress because of the risk of losing a very clear opportunity to make some profits and this will drive me mad for sure.

By the way, what is your personal opinion about the current situation?
like some people can only wait for the holder to be able to get the comeback made by bitcoin, but for traders only have two options 1 taking advantage of the rbearish market may be very risky because the accumulation is so low and the second accumulation is waiting for the price to return high although maybe have to be patient
member
Activity: 97
Merit: 10
June 14, 2021, 06:13:17 PM
#3
Just don't be confident with everything you have read. It could be just another rumor or just someone who wants to play with the readers feeling. But if that so happen that it is for real then prepare for your position and just enjoy this comeback that bitcoin is doing. With too much thinking, it's just going to put much pressure on you and will probably result to you that you're going to sell earlier and then if another pump happens, you'll have that thought that you should haven't sold earlier. That's why it's better to relax with these runs and think of a better plan.
To be honest you are perfectly right, I've dealing with so much stress because of the risk of losing a very clear opportunity to make some profits and this will drive me mad for sure.

By the way, what is your personal opinion about the current situation?
hero member
Activity: 2660
Merit: 608
Vave.com - Crypto Casino
June 14, 2021, 05:40:13 PM
#2
Just don't be confident with everything you have read. It could be just another rumor or just someone who wants to play with the readers feeling. But if that so happen that it is for real then prepare for your position and just enjoy this comeback that bitcoin is doing. With too much thinking, it's just going to put much pressure on you and will probably result to you that you're going to sell earlier and then if another pump happens, you'll have that thought that you should haven't sold earlier. That's why it's better to relax with these runs and think of a better plan.
member
Activity: 97
Merit: 10
June 14, 2021, 05:20:45 PM
#1
Apparently a bearish move is not so likely to happen as it could be a couple of days ago, very interesting news that keep trashing all technical analysis ahahahah.

I'm really confused right now and (don't know if it's stupid to mention it again) I'm still thinking about that 4chan "leak" talking about a big move in the next period, even though we are approaching a double MA "death cross" on BTC chart.




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