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A Quick BTC Analysis - What next? - Printable Version

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A Quick BTC Analysis - What next? - Flash ⚡ - Feb 28, 2020

Unless we can get back to the monthly levels 9.1, 9.2 we are gonna test the support at mid 7k's which was the resistance of the accumulation phase. Hopefully we bounce from there. if we dont bounce, brace for impact.
Made it noob friendly so everyone can understand.
No need of any fancy indicators. All you need is a clean chart to trade.

[Image: 4JvHaQF1]

Thanks for checking this out.


RE: A Quick BTC Analysis - What next? - elcamino_ - Feb 28, 2020

def agree, cashed out all my btc. Ill take a smaller loss than a big one ;(

but due to the corona virus epidemic its the perfect oppurtunity to invest at just the perfect time for a massive roi.


RE: A Quick BTC Analysis - What next? - Flash ⚡ - Feb 28, 2020

(Feb 28, 2020 02:55 AM)elcamino_ Wrote:  def agree, cashed out all my btc. Ill take a smaller loss than a big one ;(

but due to the corona virus epidemic its the perfect oppurtunity to invest at just the perfect time for a massive roi.

Hope you can make back all the loss soon.
Its always better to close out on small losses.


I am expecting a bounce from 8.2 to shake out the bottom shorters lol


RE: A Quick BTC Analysis - What next? - funtela - Feb 28, 2020

I’m probably gonna cash out too. Way too risky.


RE: A Quick BTC Analysis - What next? - Flash ⚡ - Feb 28, 2020

(Feb 28, 2020 07:47 AM)funtela Wrote:  I’m probably gonna cash out too. Way too risky.

well we had our chances to sell high. now we buy low lol


RE: A Quick BTC Analysis - What next? - 01001 - Feb 28, 2020

I don't know what I should do, as I've had been holding for a long time (more than a year), and I can live without it for the next few months.
I won't cash out unless it hits $15k. It sounds too fancy and ambitious, but I guess patience is a virtue, and I didn't invest recently, so I'm not eager to get the profit right away!


RE: A Quick BTC Analysis - What next? - TheChaosKiller - Feb 28, 2020

(Feb 28, 2020 08:55 AM)01001 Wrote:  I don't know what I should do, as I've had been holding for a long time (more than a year), and I can live without it for the next few months.
I won't cash out unless it hits $15k. It sounds too fancy and ambitious, but I guess patience is a virtue, and I didn't invest recently, so I'm not eager to get the profit right away!

Personally, and this isn't any real advised response, but I think that's the best policy. I sold just at the right time before the plunge, and I've bought back in, and I intend to just hold now. I think staring at the charts will just force me into emotionally fuelled trades that I'll end up regretting and paying for in fees and time, so I'm trying to spend less time looking and more time accumulating. For me, this is the best time to earn in crypto because when the prices recover, the percentage gains will be more significant. I've always viewed these as long term investments though, I'm no day trader any more and it feels more sensible to just stack up and hold.


RE: A Quick BTC Analysis - What next? - Dorrance - Feb 28, 2020

If this virus gets worse, just think on who holds the biggest stock and how it might effect them in the long term that's all I will say tbh.


RE: A Quick BTC Analysis - What next? - Flash ⚡ - Feb 28, 2020

(Feb 28, 2020 10:10 AM)Dorrance Wrote:  If this virus gets worse, just think on who holds the biggest stock and how it might effect them in the long term that's all I will say tbh.

it has to bounce somewhere so no worries and the virus will be old news soon ( i hope it does lol)

Well most of the stocks arent looking good. They have been going up and up its time they come down


RE: A Quick BTC Analysis - What next? - Vibe - Feb 28, 2020

(Feb 28, 2020 11:38 AM)Flash ⚡ Wrote:  Well most of the stocks arent looking good. They have been going up and up its time they come down

He means people who own bitcoin dying or being effected by this I believe


RE: A Quick BTC Analysis - What next? - Flash ⚡ - Feb 28, 2020

(Feb 28, 2020 01:08 PM)Vibe Wrote:  He means people who own bitcoin dying or being effected by this I believe

I miss read it lol. Yeah like stock in the big amounts.

In the other news, stocks are also dumping XD


RE: A Quick BTC Analysis - What next? - 01001 - Feb 28, 2020

(Feb 28, 2020 09:09 AM)TheChaosKiller Wrote:  Personally, and this isn't any real advised response, but I think that's the best policy. I sold just at the right time before the plunge, and I've bought back in, and I intend to just hold now. I think staring at the charts will just force me into emotionally fuelled trades that I'll end up regretting and paying for in fees and time, so I'm trying to spend less time looking and more time accumulating. For me, this is the best time to earn in crypto because when the prices recover, the percentage gains will be more significant. I've always viewed these as long term investments though, I'm no day trader any more and it feels more sensible to just stack up and hold.

Precisely. When it comes to BTC, I prefer long term investment; although people do day trading or short term deals, but I guess it's worth the HODL.


RE: A Quick BTC Analysis - What next? - Swip3r - Feb 28, 2020

Hands made of steel and basic DCA will be rewarded.


RE: A Quick BTC Analysis - What next? - Saixi - Feb 28, 2020

right before every halving bitcoin went low like this.


RE: A Quick BTC Analysis - What next? - hi_man - Feb 29, 2020

You stole my idea :p

Anyways, More Explaining Concept of your idea.

CME Gap is at $7600 [https://twitter.com/JohnTheBolt/status/1233645009326366721]

TRACK THE CHART

[Image: rCgFhvJT5oO7qphQznzHIfQJ9Kyt-SV6Yyw0fEym...DX4w=w2400]