#Blockchain#Crypto
What if the 2018 bear #market is unfolding much SLOWER than the 2014 $#BTC bear #market?
What if we are here (blue circle)?
Max pain for both sides ✅
Bull trap ✅
#Market does not reward impatient people ✅
#Blockchain#Crypto Our trading strategy for small alts:
1. Find pre-breakout pattern (see below) in WEEKLY chart.
2. Identify current support & resistance in DAILY chart.
3. Buy ALT/BTC at support.
4. Set stop loss at -10%.
5. Set take profit order at resistance.
#Blockchain#Crypto
What's nice about this scenario is that everybody who has been accumulating alts (us included) can still enjoy a massive alt season.
#Blockchain#Crypto
Dear all the "But muh Fidelity, Bakkt, and possible ETF!" people,
Lightning Network is way more important than hyped media narratives about products coming from the shitty institutions that made #BTC necessary in the first place. That is all.
#Blockchain#Crypto
These things are still bullish. But if you're mad about a bearish post, why don't you reference Lightning as the reason why it's wrong? Why do you always go for the institutional narrative?
Simple answer - Because the media isn't covering Lightning.
Putting together the current snapshot of market price action and fundamental blockchain indicators here's my most feasible scenario for the coming year. Not a map for trading, but should help long term HODLers judge when and at what price levels to enter.
#Blockchain#Crypto
Back in 2014 we had plenty of reasons in our head for why #Bitcoin would rally (Overstock, Circle, increasing awareness). Bear markets don't give a fuck about what you think is important.
#Blockchain#Crypto
This is the correct response. There is no good refutation of this concept. "I want it to go up faster and I've been waiting too long" is not a good response