Bitcoin Forms Elusive Golden Cross Pattern as Economic Models Forecast Fresh HighsThis elusive pattern was formed between its 50-day and 200-day moving averages and elucidates that the crypto’s macro market structure is incredibly strong.
Source:
https://www.newsbtc.com/2020/05/20/bitcoin-forms-golden-cross-pattern/This is just a model, the one that is most accepted is the S2F that predicts that in some time not so far away, Bitcoin can reach $ 300k
looking at that chart, can't I see a similar "Elusive Golden Cross" a few months ago? Immediately afterwards bitcoin fell of a fucking cliff.
yea, because TA cannot predict a real life events, like the virus.
Dinosaur "dominance" TA probably looked great looking forward for millions of years if not for a pesky asteroid.
Talking about dominance, I finally figured out what bothers me in alts: the fact that they confuse the heck out of everyone not involved in bitcoin, which results in altcoin chasing, etc.
When a solid chunk of humanity is exposed to bitcoin, say 10-20%, THEN I would be more OK with the experimentation.
Bringing those 700-1bil people onboard is hard enough without them exploring cheap alts and getting busted/frustrated and dropping out.
Of course, exchanges are promoting this to no end as they are making money in all those sloshing alts.
The adopting process is also slow as heck. Where is the famous hockey stick?
, I hope it does not affect me mentally and continue to share the good and bad moments in WO, I do not like the idea of getting away from here.
