ORIGINALLY POSTED: 9/30/2018 14:38PM -- REPOSTED WITHOUT EDIT (FOR ARGUMENTS SAKE)
Original LINK: below
>>>>> IGNORE TA IN THIS POST!! <<<<<
>>>>> IT WAS ALMOST 12 MONTHS AGO! <<<<<
I'M aware I've addressed this topic in the past; I'm not discouraging people from crypto... why would I do that when I have so much stake in it? I'm discouraging people from underestimating how difficult it is... #stressallday #marketselloffs
With that being said; I have had a lot on my plate lately; will add another post later today. Been upvoting on great content thanks to smartsteem delegating some of my votes. They pick 10 I pick 10 it's a great way to divide up your daily upvotes if you're not as active 24/7 on Steemit... or if you're like me (who could post daily) but chooses to post good content; at the very least content I put time & effort into, content that I believe deserves to be shared.
(unless you've been asleep the past week) I'm pointing out the obvious just in case you don't remember or you've been pre-occupied and haven't noticed... But I digress. #BTCUSD has been bullish
reduced #volume (up to 50% in some cases) yet price action still moving sideways as the whales attempt to short & cash out yet the power of the people (the minnows) are holding it steady... However, pay attention to #RSI; we're overbought & market fatigue showing signs of substantially
I've seen this happen more than once this past week... hell more than once this past day haha. This is why I trade exclusively with the crypto; always have & will only trade in coins/tokens as opposed to stocks.
Without Goldman Sachs, AIG, JPMorgan, Citigroup, the big 4 basically ($700 billion of YOUR taxpayer dollars went to billionaires in case you don't remember) to bail them out of a mortgage crisis that they caused out of greed.
As we transition to Q3 now starting October; we see how well Wall St. is doing & we are therefore comfortable; unconcerned, not worried. You should be though. CNNMoney & FOXBUSINESS both discussed the other day (in detail) how if we had another recession comparable to that of 2008; the Fed cannot afford another bailout package and the people will simply deny it.
They won't allow it for a second...would you?
And can you blame them/us? So what does that mean for crypto... surprisingly, great news! So as long as people lose faith in our banking infrastructure & no longer trust or invest in the stock market; it could send wall st. into a death spiral leading to a great recession which will mean one thing only:
People are going to look for an alternate source of digital currency/banking; they will turn to crypto because it's decentralized & blockchain is very appealing to someone who does not trust banks. I trust that my readers are smart enough to know why & I don't have to waste time explaining blockchain 101 now...
3.66 shares purchased so I will probably pull out at T2 but would love to short at $637.50; just don't know if I'm confident enough that the market will hold up that long. I hope so. I really wish I"m wrong in that case. On that note; I made an early entry on #BCH at about $515.50
#BCHUSD
- T1 $541.80
- T2 $550
- T3 $615.10 -> short @ $637.50
- LONG—>$830 , $841
- 🛑stop-loss @ $515.80
#BCH #BCHUSD #SundayFunday #makinmoneymoves #moneybag 💰#XLM #XLMUSD #OmiseGO #OMGUSD (Looking SOLID right now. Great moment for a substantial entry point for #Omisego as well as #XLMBTC / #XLMUSD.
>>>>> IGNORE TA IN THIS POST!! IT WAS ALMOST 12 MONTHS AGO! <<<<<
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