You could probably make millions from following my posts and charts. I should charge hundreds of dollars. I tame these price movements like a bunch of wild cats. I have earned the right to ask for a humble upvote and donation of ApplauseCoin. But to be perfectly humble and honest, as long as you are safe and happy, I am indeed happy. And I am happy to share this reminder to Stay Calm and HODL on.
I've cracked my whip and had a thick black line drawn through three gold rings for over a week now. And Bitcoin continues to jump through the hoops I have lined up in it's path.
All Markets go through cycles of fear and greed, blood in the streets, and cannons & trumpets.
Real talk: Charts and Indicators are indicative of the past. Yes and as we say in improv, "The End is in The Beginning". Many of the basic cliche's are true such as "What Goes Moon, Must Get Rekt" and "What is done in the dark will be dragged into the light." As much as many of these alt coins and crypto enthusiasts want the charts to always go up, human emotions will always move in waves. Somehow humanity will find a way to drag the USI Tech and Bitconnect Vampires into the light. Somehow humanity finally is dragging the Tether debate out of darkness. People who made money will eventually want to spend that money. And the cycle of greed and fear will repeat in the markets. Therefore, looking at the charts and having a basic understanding of the Technical Analysis and Fundamental Analysis that works for you, can help you make responsible decisions about your future based on the performance of your investments in the past.
I have personally seen how Crypto Currencies tend to obey the laws of Fibonaccis, MacD, and Moving Averages. These are Technical Analysis tools.
Fundamental Analysis is News and Rumor. I have learned that coins associated with NEO and KuCoin have Pump Clubs associated with their Marketing Schemes: They Pump, they play on the newbie Public's FOMO, and when they have a significant number of investors over a few days, they stop pumping. Then the natural waves of human emotion take over the price eventually returns to healthy levels. See Tron and Cardano for example. Tether is under the microscope now and many have already called out how it is no different than the Federal Reserve printing fiat. A combination of things including but not exclusive to Facebook crackdown on crypto ads and South Korean regulations have also fueled the fear wave that Bitcoin is experiencing. CME and CBOE will actually help stabalize the wild price swings after the Tether investigation is sorted out.
This is all Good News for the Balanced Investor.
If you have bullets in the chamber, and you are a committed Bitcoin and Crypto Investor, these are the times to buy.
If you can not afford to sit at the charts all day, then a HODL strategy will reward you in the months to come.
If you are on Steemit, then Steem on Friend.
If you follow my posts, I will continue to share charts each week on some of the most popular blockchains for beginning crypto investors.
And If you have any suggestions of charts that you would like to see, leave your requests in the comments below.
click photos for source
Am I Psychic? Haijin-been tellin you for weeks. (That's a playful pun by the way. I appreciate what I've learned from him.) I'm just learning how to wield the whip of insight when taming the Bitcoin Lion. I will continue to share what I'm learning with you here on Steemit and hope it helps you too tame the beast. I will continue to tame these Crypto Kitties and Digital Lions with my Bloody Analysis each week.
For now, stay calm and HODL on. YES, we are going to see lower prices in Bitcoin. Yes, it is going to bring down the price of all other coins. Right now the Cannons are blasting against Bitcoin, and now is the time to be buying if you have the fiat. And when everyone is singing about All Time Highs, I will humbly be here to remind you not to foolishly put your head in the Lions's Mouth lest you get your top chopped off.
ACORNS | Coinbase | OpenLedger
I'm waiting for my next entry point. Thanks for the heads up.
You got to know when to hodl em, know when to fold em
True Dat Kenny!
"The time to buy is when there's blood in the streets." N. Rothschild
I HODL on too and I think of it as a long-term investment.
Right on. Tis the best strategy.
Good info, thanks for posting. I get nervi, but whatever I'll see it all go to zero before being a donkey and selling. After all, I put in what I'm fully prepared to never see again.
Coins mentioned in post:
good inf follow now
Totally agree with you that they obey the laws of fibonacci and all those indicators, but crypto valuata is so much more volatil then any other form of finance. So alot of the times crypto doesn't obey these rules. Have to keep that in mind
Good points to keep in mind. I've simply noticed one thing consistent: My timing sucks. But my charts are always there to remind me where I should have made a move, where I told myself to make a move, and when I do make that move, it's usually pretty close. Also, I am referring to Bitcoin and the major coins. But the tiny coins are exposed to pump and dump clubs. So you never know. I've noticed things that do not work for me are Elliott Wave. Elliot is an interpretive indicator, so one is sort of "winging" it. It gives one hope, but hope is not a strategy. I prefer to look for good moments of entry and HODL. That's where the Fib pullbacks come into play.
Thank you for stopping by :)