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Epic Pennant on BTC Chart


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Bitcoin's price is still trying to find a bottom.  Yesterday was pretty high volume for a Saturday and today's volume is shaping up to be pretty high for a Sunday. So it might be leveling out here. 

I know people get anxious when the price drops and I understand the concerns. If you have been watching the Bitcoin market for any length of time you have seen that Bitcoin's price can be Volatile (it goes up and down often and by relatively a lot) especially when compared to other markets.  Buying bitcoin at this stage is not for everyone.  If the price swings are too much for you, you might be over invested in Crypto or you might want to consider putting your money elsewhere  - stocks, bonds, cash.

Make your own decisions, I'm not telling anyone what to do, I am letting people know what I am doing.    Today I'm buying more.  I'll be buying either Bitcoin or Litecoin.  I don't have access to buying XRP or I would definitely be buying more XRP.  

 

1 23 2022.png

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1 minute ago, Eric123 said:

Make your own decisions, I'm not telling anyone what to do, I am letting people know what I am doing.    Today I'm buying more.  I'll be buying either Bitcoin or Litecoin.  I don't have access to buying XRP or I would definitely be buying more XRP.  

And you never take profits?

1 minute ago, Eric123 said:

Buying bitcoin at this stage is not for everyone.  If the price swings are too much for you, you might be over invested in Crypto or you might want to consider putting your money elsewhere  - stocks, bonds, cash.

I have never seen from you:

Selling bitcoin at this stage is not for everyone. If you made lifechanging money, you might consider take profits, if you can not , than you might be over invested...

All I hear 400k, soon 🤣🤣🤣

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19 hours ago, Trentsteel said:

You’re a piece of work! Chips are down and you come out of hiding to claim a moral victory of sorts😂 Get back under your ******* bridge troll boy 😂 

I’m no chartist but even I knew when to make a buck this morning but you decided to come on here and pontificate , you sad C U Next Tuesday  silly little man 

irony, you call me a troll yet you refer to me as a C UN Tuesday. Your opinion means exactly nothing. 

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Have we seen the low for Bitcoin in this sell off?  We've certainly seen a lot of panic.  

Hashrate is high. Exchange balances are low.   

https://cointelegraph.com/news/stop-panic-selling-bitcoin-whales-bag-spare-btc-as-exchange-balances-fall

Articles are saying that the selling is coming from short term holders that bought in recently. Basically FOMO'ing in then getting spooked and selling.  This is the reason a lot of people lose money in a Crypto Bull Cycle.  And this is the reason Bull cycles are much more stressful than Bear Cycles.  I've warned about this multiple times. 

 

If you sold during this down turn you sold to smart money - so that either makes you "smarter money" or something else.  

1 25 2022.png

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1 hour ago, Eric123 said:

Have we seen the low for Bitcoin in this sell off?  We've certainly seen a lot of panic.  

Hashrate is high. Exchange balances are low.   

https://cointelegraph.com/news/stop-panic-selling-bitcoin-whales-bag-spare-btc-as-exchange-balances-fall

Articles are saying that the selling is coming from short term holders that bought in recently. Basically FOMO'ing in then getting spooked and selling.  This is the reason a lot of people lose money in a Crypto Bull Cycle.  And this is the reason Bull cycles are much more stressful than Bear Cycles.  I've warned about this multiple times. 

 

If you sold during this down turn you sold to smart money - so that either makes you "smarter money" or something else.  

1 25 2022.png

Coins kid thinks it is still looking for a bottom - which he estimates to come in at 28k.  that would scare the living daylights out of many people.

 

Edited by Julian_Williams
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1 hour ago, MQB said:

Wel, wel, well, BTC.D broke upward. Convincingly.

Will there be a rendezvous at around 45% and it comes down or go straight up?  @Plikk

Screen Shot 2022-01-25 at 11.18.19.png

No confirmation yet, but if it continues upwards 45% is indeed a good target to watch. I think much depends on the FED meeting tomorrow: risk on or risk off. Alts are in the first category. 

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