BTC emergency update 22.11.2019

in btc •  2 months ago  (edited)

UPDATE: PANIC MODE ACTIVATED. A low is expected to occur between 6500 and 5000...

This is why I bought more BTC today @7000.

Yesterday I had a feeling this would happen, because the 78% retracement of the last move up was breached.

The count is clear now and I want to put this small drop of today into perspective.

BTC dropped 84,5% from 20k to 3.1k, now 50% from 14k to 7k. Sounds like a good deal to me... I wanted a good entry point, now I have what I wanted, so I HAD to take this opportunity.

We may drop lower, even 5k is possible now, but honestly IDGAF. I will just buy more :D

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Have a nice day :-)

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You think that Bitcoin will hit a new AllTimeHigh in the next 1-2 years?

Yes, next year. I would not be buying now if I did not believe that very strongly.

👍

Thank you ew-and-patterns,
Excellent TA - I also agree with your analysis - thanks for sharing.

Upvoted and resteemed :D

Thank you for your support!

Great analysis! I bought EOS today, still think alts will go up faster then bitcoin)

I certainly hope that a few good alts will survive. Those that will survive will of course offer higher returns than BTC, but it is hard to pick the good ones. Most alts will just die in the next 5 years, at least that is my opinion.

I also think 95% of current coins will die. Don't you trust the chinese crypto rating to pick up some good crypto for investments?

No, I don't trust that.
Alts are all about utility, number of users, size of the future market for the problem it solves, developer team and reaching predefined goals... That is very hard to measure.

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Resteemed :-)