The break out from the bottom has been very confusing for many. Will it go up, down, are we overbought, can it extend? For me I’m already long so I may be a little less concerned than most. If we continue north great. If we correct now it’s just another opportunity to add to my position. Either way is fine with me.
I did, however, try to determine what the chart is saying vs. what everybody else is saying. The only thing I can come up with that makes sense is this that would indicate we continue north for the time being. Could it fail? Of course. Could it break north, trap some people, and then fall south? Yep. I think the market is designed to jack up as many trades as possible. lol
At the end of the day I think comes down to a matter of belief as much as it does trading skills. If you are a pure TA flipper then place your bets and take your chances. If, on the other hand, you are looking at the long term potential of then a few hundred bucks one way or another shouldn’t keep you up at night.
If you are losing sleep over your position you are either over leveraged, trading just on emotion, or only view as a “get in and get out” opportunity to make a few quick dollars and that’s it. If so, that’s why you sweat over ever tick of the tape.
For me, I could care less. This is a long game play. The reasons I bought years ago and the reason I buy today have not changed. The only thing that has changed is we now have Exchanges to buy from instead of from . And now we have a plethora of day trading experts that can tell us all about the future value of . (even though they have no understanding of it whatsoever) And the success of is also why we have over 1900 fake wanna be coins trying to achieve the same success as but can’t. is the de facto standard for digital money. Not currency, money. (ie like , , real money)
At any rate, this chart is my best guess of the current that is building. We probably have until the end of the week to see which way it finally resolves.
Good luck!
Published at Tue, 09 Apr 2019 20:52:39 +0000
