Firstly if you dont like the fact you bought in at ATH's and have been HODLING and you are just here to write stupid shit then dont comment just go piss off and watch peppa pig and stick to the 9-5 life theyve brainwashed you your whole life for. Anyone willing to read my opinion...read on and welcome!
Forget your 5 minute time frames, look at the overall picture. Ive painted the picture for XRP but seeing as BTC is the dictator lets see what its saying. Approached a perfectly executed triple bottom, but what is that telling you? From the 6-6.5k region weve bounced twice to 9-10k but failing to gain the all needed momentum. You can see almost perfectly double tops forming on the daily, hugely bearish signals.
Sometimes ignore the TA and think about it, why would the price not push on? what more do we need? why do we keep failing to break out into this whole new anticipated and FUD-ded bull market. Firstly why would whales want you to suceed? Can they really afford to park their Ferrari 458 next to another 1 million ferraris? therell be no space in the private car park! They crush your dreams, demoralise your ambitions, they knock out amateurs, they take your money and they make you never want to trade again. Patience my friends, dont ride into little waves, dont hesitate in saving your money for a while, dont think not buying at 6.6k is a mistake in case it goes to 8k. If you dont put your money in are you really losing anything? you can always buy in a bull market and the likelihood of it going up is almost certain....but let me tell you dont jump in just yet.
See the market is telling me we are failing we need some investors, we need some cash flow, we need them greedy institutions to jump in...what will tempt them you ask? well major low prices weve not seen for a while would right? why should they buy BTC at 20k , XRP at 3.3 dollars, XLM at 1 dollar, why would they waste their money when they can be sitting in huge profits when it reaches there next time. Look at the green zone, thats where buy orders are waiting, thats the bear end game. Mark my words the bulls arent far off, the bulls wont let crypto die, but the bulls want the price to be right, wave after wave its screaming at you, its telling you dont be stupid, its telling you that we want a cheap price and then we can ride off. I use to be like the rest of the newbie world, i use to go in thinking oh look 5% up it must be going up now...NO! Every retracement needs a re test of broken ground, so here wait for BTC to retrace slightly, if for some miraculous reason we break over 8.5k you can assume weve hit some form of reversal but until then save your capital, wait for the buy zones and start acummulating, then hold for med/long term. Well im HODLING anyway so would that affect me anyway, im long term anyway you ask? Well would you rather buy BTC at 5k or 7k? 1.5x more coin holdings, XRP at 0.6 or 0.3? 2x more coin holdings.
Patience is your best friend, i will see you all in the lambos, ferraris or bentleys (if thats what youre into!)... in a year or so. Remember its your money, do what you want, its your own risk but dont be an idiot...dont panic, dont rush, relax and enjoy your life...when the time comes you buy in, if that time doesnt come well you havent lost and youll be buying into a upward market so you wont lose either way! If you like what i say and do what i say...leave a thumbs up! Good luck and safe trading my friends.
Forget your 5 minute time frames, look at the overall picture. Ive painted the picture for XRP but seeing as BTC is the dictator lets see what its saying. Approached a perfectly executed triple bottom, but what is that telling you? From the 6-6.5k region weve bounced twice to 9-10k but failing to gain the all needed momentum. You can see almost perfectly double tops forming on the daily, hugely bearish signals.
Sometimes ignore the TA and think about it, why would the price not push on? what more do we need? why do we keep failing to break out into this whole new anticipated and FUD-ded bull market. Firstly why would whales want you to suceed? Can they really afford to park their Ferrari 458 next to another 1 million ferraris? therell be no space in the private car park! They crush your dreams, demoralise your ambitions, they knock out amateurs, they take your money and they make you never want to trade again. Patience my friends, dont ride into little waves, dont hesitate in saving your money for a while, dont think not buying at 6.6k is a mistake in case it goes to 8k. If you dont put your money in are you really losing anything? you can always buy in a bull market and the likelihood of it going up is almost certain....but let me tell you dont jump in just yet.
See the market is telling me we are failing we need some investors, we need some cash flow, we need them greedy institutions to jump in...what will tempt them you ask? well major low prices weve not seen for a while would right? why should they buy BTC at 20k , XRP at 3.3 dollars, XLM at 1 dollar, why would they waste their money when they can be sitting in huge profits when it reaches there next time. Look at the green zone, thats where buy orders are waiting, thats the bear end game. Mark my words the bulls arent far off, the bulls wont let crypto die, but the bulls want the price to be right, wave after wave its screaming at you, its telling you dont be stupid, its telling you that we want a cheap price and then we can ride off. I use to be like the rest of the newbie world, i use to go in thinking oh look 5% up it must be going up now...NO! Every retracement needs a re test of broken ground, so here wait for BTC to retrace slightly, if for some miraculous reason we break over 8.5k you can assume weve hit some form of reversal but until then save your capital, wait for the buy zones and start acummulating, then hold for med/long term. Well im HODLING anyway so would that affect me anyway, im long term anyway you ask? Well would you rather buy BTC at 5k or 7k? 1.5x more coin holdings, XRP at 0.6 or 0.3? 2x more coin holdings.
Patience is your best friend, i will see you all in the lambos, ferraris or bentleys (if thats what youre into!)... in a year or so. Remember its your money, do what you want, its your own risk but dont be an idiot...dont panic, dont rush, relax and enjoy your life...when the time comes you buy in, if that time doesnt come well you havent lost and youll be buying into a upward market so you wont lose either way! If you like what i say and do what i say...leave a thumbs up! Good luck and safe trading my friends.