Thanks for your reply. I was curious abut June and July because I heard speaking some friends and read also on the internet that usually the market spikes in June-July and December-January. I put some money in December and February and I was thinking that maybe in summer I should take out some profits. I remember having about 800 billions market cap in January so if it gets again to 800 maybe I should sell and buy back after two three months when the prices go pretty low again.
I was first trading but I think at this stage of cryptos (the BEGGINING STILL) that to buy and just keep is the safest way. Dam it just reminds me of the amount ive lost in phishing scams lol. Anyway, yeh buy the ones you see will be sucessful and ones that already are and man, you have shares in a company (by buying tokens this year) Dont know about you but before you'd have to go to university and rich parents to be considered as one who has company shares lol..
Something I find pretty interesting. Call it a coincidence if you like. Notice how by extending the bottom of the triangle that I drew back through the left of the chart that it hits the early 2013 high (marked by a blue arrow), perfectly.
I don't know if there's an official name for these types of trendlines, but I've always called them "pivot trendline" (trendlines that get tested from both sides, both as a resistance and as support).
Ha ha, it does indeed! I would, however, chalk that one up to coincidence.
Sadly straight lines don't work well on crypto charts on periods of over a year long. Even on logarithmic plots. I showed how a long-term crypto trendline looks back in my very first post https://steemit.com/bitcoin/@bitbrain/crypto-markets-march-2018-up-or-down and I've elaborated on it many times since in some of my other posts. Take a look and see what you think.
Last year was very optimistic or incredibly to believe in 20k btc, and that was just the first round of mainstream interest. If this year we get to some ETFs and other forms of easy investment for traditional investors I think we'll all be extremely surprised by how high the market can go.
We are back in December with almost 400B total market cap.
Good news, during the Worldcup in Russia, they will promote crypto and provide some services that could be paid by BTC.
We could expect some sudden growth and retreat for summer holidays.
ye steem to 5-10 seem possible.
bitcoin :) yes a hope u are correct am a bit more Negative. this year do not think it's going down but maby to 11,000 and stay there. or attest 10k to over the summer. but a think we all want is to be slow up anyway. and not moon. or a new bobble
That trendline intersection is pretty amazing, to the day, well spotted!
I don't think that BTC will fight back like before. Remember that market dominance will have to change over time. We have so many more altcoins now, properly established alts, not just little shitcoins. BTC is no longer competing against 1000 alts or less. As the number of alts grows and they pick up value in their own right, so the market dominance of BTC will slowly wane. This doesn't even mean a relative price drop for BTC, just that the market is growing.
Having said that, I do believe that December/January was a game changer for the market. BTC raced up and slaughtered the alts, but then they fought back and slaughtered BTC even worse. I would be very surprised if BTC ever got back to the 50% mark, alts are been taken far more seriously these days, the market isn't just all speculation any more!
Thank you very much for your optimistic analysis! I am still a little bit cautious, as there were so quick drops whenever there was a light hope of bullying. But your thoughts are very understandable.
What do you think about the total market cap in two months from now? How high do you think it will go?
I have no idea.
Thanks for your reply. I was curious abut June and July because I heard speaking some friends and read also on the internet that usually the market spikes in June-July and December-January. I put some money in December and February and I was thinking that maybe in summer I should take out some profits. I remember having about 800 billions market cap in January so if it gets again to 800 maybe I should sell and buy back after two three months when the prices go pretty low again.
np
I was first trading but I think at this stage of cryptos (the BEGGINING STILL) that to buy and just keep is the safest way. Dam it just reminds me of the amount ive lost in phishing scams lol. Anyway, yeh buy the ones you see will be sucessful and ones that already are and man, you have shares in a company (by buying tokens this year) Dont know about you but before you'd have to go to university and rich parents to be considered as one who has company shares lol..
Don't forget to check log chart when you're looking at bubble type moves!
https://www.tradingview.com/x/xuWxWzRE/
Still not out of the woods yet, IMO. Rather, a pivotal moment.
.
Yeah. I prefer yours, too...haha
Check yours again now....;) Hoochie maaama
Much better :)
https://www.tradingview.com/x/dO3IaQWN/
Zoom out a bit, redraw the bottom line, and you'll see we are well clear ;)
Something I find pretty interesting. Call it a coincidence if you like. Notice how by extending the bottom of the triangle that I drew back through the left of the chart that it hits the early 2013 high (marked by a blue arrow), perfectly.
https://www.tradingview.com/x/CY5Vjt7B/
I don't know if there's an official name for these types of trendlines, but I've always called them "pivot trendline" (trendlines that get tested from both sides, both as a resistance and as support).
Ha ha, it does indeed! I would, however, chalk that one up to coincidence.
Sadly straight lines don't work well on crypto charts on periods of over a year long. Even on logarithmic plots. I showed how a long-term crypto trendline looks back in my very first post https://steemit.com/bitcoin/@bitbrain/crypto-markets-march-2018-up-or-down and I've elaborated on it many times since in some of my other posts. Take a look and see what you think.
Last year was very optimistic or incredibly to believe in 20k btc, and that was just the first round of mainstream interest. If this year we get to some ETFs and other forms of easy investment for traditional investors I think we'll all be extremely surprised by how high the market can go.
We are back in December with almost 400B total market cap.
Good news, during the Worldcup in Russia, they will promote crypto and provide some services that could be paid by BTC.
We could expect some sudden growth and retreat for summer holidays.
ye steem to 5-10 seem possible.
bitcoin :) yes a hope u are correct am a bit more Negative. this year do not think it's going down but maby to 11,000 and stay there. or attest 10k to over the summer. but a think we all want is to be slow up anyway. and not moon. or a new bobble
That would be awesome - I hope you are right - if that happens I'm going to be loaded like an overlord :)
It's so much fun when it goes up
That trendline intersection is pretty amazing, to the day, well spotted!
I don't think that BTC will fight back like before. Remember that market dominance will have to change over time. We have so many more altcoins now, properly established alts, not just little shitcoins. BTC is no longer competing against 1000 alts or less. As the number of alts grows and they pick up value in their own right, so the market dominance of BTC will slowly wane. This doesn't even mean a relative price drop for BTC, just that the market is growing.
Having said that, I do believe that December/January was a game changer for the market. BTC raced up and slaughtered the alts, but then they fought back and slaughtered BTC even worse. I would be very surprised if BTC ever got back to the 50% mark, alts are been taken far more seriously these days, the market isn't just all speculation any more!
Thank you very much for your optimistic analysis! I am still a little bit cautious, as there were so quick drops whenever there was a light hope of bullying. But your thoughts are very understandable.
Seems like we will test 9K tomorrow, as you said I see big momentum from 9k onward. Anyway, another 'Bitcoin is dead' narrative gone.
My daughter is really gorgeous
It's a very difficult currency
I hope I can invest in it