Quick update! I have not had a chance to do a full report today, but I am taking pause from work just to report the most important development of the day, which is the fact that BTC is about to touch down at the bottom of the parallel trading channel. Looking at the 1-day chart, we've got what could be the biggest red candle that Bitcoin has ever printed. It looks just a slight bit better on the 4-hour chart, but no by much. Looking on the 4-hour and 1-hour chart, we can see that the price is jumping down ring-by-ring. Even during a free fall, we still seem to see the price being magnetically drawn to the boundary lines within the fib circles.
I will be producing a new video hopefully tonight, to talk about all of the big mouths who have been saying ignorant things like "This is the LAST TIME you'll ever see Bitcoin at this price!" (and other stupid statements) for the past several months. Of course we know that they were all wrong each and every time they made this statement. Today's action offers a lesson that hopefully everyone will learn, in that NOBODY can predict what this market is going to do. We must remember that we are in the BABY STAGES of development.
The only other quick point I would like to make is that we can probably put the theory to rest that BTC is a safe haven like the Gold market, for investors during turbulent times. The stock market took Bitcoin right down into the abyss, exposing the fact that it is just a speculatory investment like everything else *not* gold.
That's all for now. I'm back to work, and watching this big fat red candle burn down to the bottom of my chart.
Carlton Flowers
The CryptoPro
I will be producing a new video hopefully tonight, to talk about all of the big mouths who have been saying ignorant things like "This is the LAST TIME you'll ever see Bitcoin at this price!" (and other stupid statements) for the past several months. Of course we know that they were all wrong each and every time they made this statement. Today's action offers a lesson that hopefully everyone will learn, in that NOBODY can predict what this market is going to do. We must remember that we are in the BABY STAGES of development.
The only other quick point I would like to make is that we can probably put the theory to rest that BTC is a safe haven like the Gold market, for investors during turbulent times. The stock market took Bitcoin right down into the abyss, exposing the fact that it is just a speculatory investment like everything else *not* gold.
That's all for now. I'm back to work, and watching this big fat red candle burn down to the bottom of my chart.
Carlton Flowers
The CryptoPro
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.