Infidel_Andy

Infidel_Andy

After pulling our plonker for two weeks, Bitcoin has been rejected from a major Fibonacci resistance line which was the previous support from June through November.

Infidel_Andy

Bulls had their little fun this morning but ultimately sentiment continues dropping and the path of least resistance is down. Besides some fib levels I have low confidence in, the next real support in the form of a huge liquidity zone is around $12k as others have said. I'd also like to repeat others by warning against lower time frame high risk trades. lower...

Infidel_Andy

Don't know if the outcome of the current bear flag will be this volatile but in my opinion, if BTC cannot break out above 17.1k within the next few days or week max then its a wrap. I have great doubt that we'll break below 10k though, 95% of the market is algorithms and they wouldn't let that happen. Still not seeing mass hysteria or fear either.

Infidel_Andy

Looks pretty devastating, I know. However its just the average time frame and percentage decrease parameters set by all previous major bear markets. I'm 70/30 Bearish-Bullish at the moment because I do not see a common collective of hate and loathing toward BTC. Folks need to see their portfolios dropping enough to make them have a melt down, that's when I want to...

Infidel_Andy

Over the next couple months dollar cost average into a nice long-term long position, that is what I am planning to do.

Infidel_Andy Updated 

Have your orders in soon, can't wait for $25k Bitcoin lads!

Infidel_Andy

What do you lads recon? After many failures to break above the trusty and reliable weekly average I don't think we're in a bullish state. Only recently my local news station was still hyping up BTC mining. We need to see neglect and scorn toward the crypto market before the next push higher, and when that comes I think most people will be amazed how rapidly we...

Infidel_Andy

Devaluation of USD and high consumer inflation drives up BTC value. Welcome to the buy zone.

Infidel_Andy

We've been boolin for 2 months atop this triple fib support drawn out from the previous 3 bear markets...

Infidel_Andy

Deploy the troops!

Infidel_Andy

Expecting a dump after this move to $71500, selling at top.

Infidel_Andy

MAGA

Infidel_Andy

How to trade in a channel.

Infidel_Andy

Non stop quantitative easing, printing of the USD, and the FED continuing to buy up corporate debt will lead to an overwhelming wave of hard asset (GOLD) and non inflationary asset (BTC) investments, saddle up soy boys!

Infidel_Andy

Are you noobs really shorting right now?

Infidel_Andy

My senses tell bulls will come in with that long shlong energy to finish the year strong.

Infidel_Andy

Honestly guys it could go up a lot, or it could also go down a lot.

Infidel_Andy

The FED has said that they are ready to print as much capital as needed to keep the economy from sinking. When will people see their money inflating and realize the need for non-inflationary currencies such as BTC, is this mass printing the catalyst for our next bull run?