Hi Everyone!
I normally don't post charts, but I felt as if some chill analysis was needed in the BTCUSD ideas section.
As you can see, there is a fairly clear staircase (Stairsteps, whatever name you want to use) pattern in the aggregate on BTC's rise the last few months.
On nearly every single 20-30% correction, we return and move upwards harder than before.
Regarding the "sky is falling - 2017/8 crash is here" posts, I would really caution against jumping the gun on anything right now.
If you're aiming to trade this bad boy, you're welcome to - for me I'm holding my positions happily. As far as I can tell and will personally make my moves off, we're going into a ranging consolidation pattern between 50-56k before a major move.
For Alts? My pretty and lovely alts? Eh to be honest, most will probably get nuked price wise. Not so much a catastrophe, but markdowns will probably occur across the market for a short bit. A good time to buy if you're interested in increasing your stacks :)
I would be remise in not saying this could GENUINELY BE THE TOP AND THE GODS HAVE FORSAKEN US!!! Trade what you can afford to lose, etc. Y'all know the drill :)
Love,
Jemkie 🦊
PS: If you like my posts feel free to shoot a gal some ETH :) I'm a uni student supporting herself through stonks and crypto <3
0x0008eb9764B45b7a7761eB747E1C6a5a55C9d6Ec
I normally don't post charts, but I felt as if some chill analysis was needed in the BTCUSD ideas section.
As you can see, there is a fairly clear staircase (Stairsteps, whatever name you want to use) pattern in the aggregate on BTC's rise the last few months.
On nearly every single 20-30% correction, we return and move upwards harder than before.
Regarding the "sky is falling - 2017/8 crash is here" posts, I would really caution against jumping the gun on anything right now.
If you're aiming to trade this bad boy, you're welcome to - for me I'm holding my positions happily. As far as I can tell and will personally make my moves off, we're going into a ranging consolidation pattern between 50-56k before a major move.
For Alts? My pretty and lovely alts? Eh to be honest, most will probably get nuked price wise. Not so much a catastrophe, but markdowns will probably occur across the market for a short bit. A good time to buy if you're interested in increasing your stacks :)
I would be remise in not saying this could GENUINELY BE THE TOP AND THE GODS HAVE FORSAKEN US!!! Trade what you can afford to lose, etc. Y'all know the drill :)
Love,
Jemkie 🦊
PS: If you like my posts feel free to shoot a gal some ETH :) I'm a uni student supporting herself through stonks and crypto <3
0x0008eb9764B45b7a7761eB747E1C6a5a55C9d6Ec