What not to do:
-Don't get caught up in all the China FUD... Bitcoin is here to stay.
-Don't listen to Jamie Dimon, CEO of JPMorgan, this is the 3rd or 4th time he's called Bitcoin a fraud yet he paid billions of dollars for being apart of the financial crisis of 2008.
What to look forward to:
-Regulation is a good thing whether you like it or not. It will clear things up and bring more money into crypto.
-Buying everything you can before China comes back into play driving the market up. You have an opportunity here that you can capitalize on in many ways... from ICOs, to alts, to Bitcoin as Chinese are on the sidelines. Don't forget China makes up a lot of ...
-"INVEST INTO WHATEVER CHINA BANS"
Things to notice in my charting:
-Red line represents the support on a bigger picture. Even if we go sub $3000 (coming into October) we are still .
-Fibonacci levels show us that Bitcoin is heading to the where I imagine many traders and wise investors are looking to buy Bitcoin on the dip. If there isn't enough of buyers that come in at this fib level you can expect it to drop to a 50% fib level. I don't think we will, but I am not a prophet and we will have to wait and see.
-The chart tells us that there are HEALTHY retracements on Bitcoin . The end is not near. My word of advice is to HODL and pick up some more Bitcoin on the dips always...
-Stoch shows that Bitcoin was oversold - you could have expected this as the masses panic sell on news.
Outlook on Bitcoin in Q4 of 2017:
-$5000+ Bitcoin highly possible. I believe we will get passed $5000 for a potential rally to $6500 before another pullback. The next stop would be $10,000 after that.
-Understand that more and more people are coming into these markets. Everyday people, hedge funds, traders, etc.... Also remember that Bitcoin has "died" many times in the past. It's been here a decade and survived some BRUTAL headlines and swings in price. If you don't understand the true value of holding Bitcoin and simply just want to dick around with it, you are only cheating yourself. Get educated on crypto and understand that this is a revolution right in front of our eyes.
2. Don't listen to Jamie Dimon: Warren Buffet, Jamie and other billionaires on one side "Bitcoin is a bubble" vs speculators on another side " Bitcoin is future" Who will win? it's an easy question
3. "INVEST INTO WHATEVER CHINA BANS": Commonsense becomes rarity
4. "I believe we will get passed $5000 for a potential rally to $6500 before another pull back: It actually can happen but sooner or later Bitcoin bubble will burst.
5. "where I imagine many traders and wise investors ": 100% wrong statement. here is investing definition: “An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return". I think you mean speculators
Greetings my young grasshopper,
Let me start off by saying this. There are two types of people in the world. There are people that listen with the intent to understand and there are people that listen with the intent to reply. Most people, like yourself, do not listen with the intent to understand... they listen with the intent to reply. Let that sink in for a minute before you continue reading... should be a wake up call for you...
Most people, also have this view of Bitcoin being a bubble/hype/fad/scam. Time and time again over the past decade Bitcoin has proven the case that it is here to stay.
Reference this image: https://goo.gl/images/jm6Arz
Clearly you have much more homework to do in order to grasp a better understanding of Bitcoin/Crypto/Blockchain. I can see based on the way your response is laid out that you don't see the bigger picture so you turn to criticism instead. At the end of the day I am here capitalizing, have been capitalizing, and will continue to capitalize these markets as long as they exist. Quite frankly, either A you don't capitalize in these markets or B you just enjoy talking out of your behind about Bitcoin.
wolfofblockchain @ TradingView
@wolfofblockchain, Reference this image: https://goo.gl/images/jm6Arz
Reference this image too:
Your chart is actually wrong. You have the right idea it's just laid out with the wrong terms.
Here's another learning lesson for you.
Trading 101... aka Wall Street Cheat Sheet
The feelings appearing as the market fluctuates
Aka the psychology of a market cycle.
Onwards and upwards. Take care now!