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31 COMMENTS

  1. He is 100% correct with respect to emotions. Make decisions with your emotions and you WILL make BIG mistakes. Make decisions with reason and logic and you will do very well. Use your logic NOT emotions.

  2. Steve, I stumble across something.
    I drew this line months ago, a "bottom" trend line.
    We've recently had this perfectly as a floor and now a ceiling… maybe just coincidence as I do have a lot of lines on my chart.
    I find it strange, but it could be a descending support-turned-resistance.
    I connected first drop to wicks of second drop (april) and connected that to 3800 around March.

    https://www.tradingview.com/x/3LdK8nlK/
    https://www.tradingview.com/x/6na7H8Cu/ (zoomed out, line turned blue)

  3. It is called a dead cat bounce. BTC dropped between the 100 and the 1.618 extension. I expect it to go to the .786 or .618 on the rise back. 4800 area and 5350 The drop down will be to the 3130 area. The 200MA on the 1W is 3085. The wick below could easily get to 2900 area or less. This will be the low. Of this year. Set your alerts at 5200 and watch it. Then set your alerts to 3200 and get ready for some good buys.The alts will have a black Fiday sale. Then it is go time.

  4. When investigation prove that bitcoin had been prop up using other crypto money, $0 will be the bottom. Institutions investors are accumulating? It should be scammers are propping.

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