BTC in Consolidation Period

Hello to anyone Reading!

Everyone is talking about channels breaking and reverse head and shoulders , etc. But in reality it looks like the price of BTC is bouncing in between resistance at $11,600 & $9,100.

Since BTC is so heavily influenced by news and speculation, technicals do not weigh as heavy as they do with forex, stocks, etc.

So what if the price breaks to form a new low, BTC can go as low as $8,400 and still be testing the Golden 0.618 Fib level from the Original pump to 19k.

With all this news about a Mt. Gox Malfunction and some Japanese whale being the one causing all these corrections, its just making the market more of an even playing field.

If the Market is doing well everyone screams MOOON! and when the market is bearish everyone screams DOOM and END to HODLers!

Just filter the nonsense and go with what your charts are telling you. If your chart is telling you that March is going to be bearish , so be it. Does not mean its the end of Crypto.

I find it extremely hard to believe that Crypto will die out with Coinbase applying for an index fund, the government recognizing BTC as a security instrument, foreign countries using it to generate wealth in extremely inflated currency market etc.

Its too late to kill Crypto, the Crypto virus has spread and no matter how hard you try to stomp it out, it will pop up with a use in another area.

Just Imagine all the people who said Paper Money would never replace gold . All the people who said plastic credit cards would never replace cash. All the people who said pay-pal would never beat credit cards.

This is the inevitable next step.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 賬戶和賬單 發送反饋意見 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出