do you have any prediction about LTC and ETC market? :)
erelerel
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great chart, great results! :)
EhithishamullaLepakshi
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Let the Bitcoin fly as today and I think Indians especially enjoy it's flight in coming days also.
btcgene
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anything is possible. but if you look at fundamentals - china exchanges are gone, bitfinex largest fiat exchange is defunct with withdrawals. BU and core having scaling drama. miners having one more drama. i just don't see fundamental reasons for much bitcoin fomo. though speculation might kick in and push through upwards. but recently btc is just a mess
Kantardziski
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@ethbug IMO fundamentals have nearly never played a roll in BTCs price action ~ it is truly astonishing how often you hear of it though, anytime I read an analysis from stocktwits or media source they mention all sorts of macro events that literally never have moved BTC a gosh darn penny... I can verify that from post finex hack when I began looking to until Feb-ish of this year bitcoin's price action was purely technical. I rarely, rarely read the articles as they provide as much hurt as they do help in the vast majority of cases -- BUT fundamentals are quite good actually, markets will likely crash in summer, gold has already begun its summit ~ Uncertainty helps money flow to hedge assets like ours truly...
I find it astonishing how many crypto traders believe TA doesn't apply to crypto, or don't realize that price is often manipulated when viable news is released (in order for a nice and neat story, keep every1 happy).. aka it isnt the market reacting, its the big players making it seem like the market is reacting..
There are plenty technical indicators that also show very bullish future, the only question in my mind is if we would have a semi significant dip first. Keep in mind, fork fear shook out the weak-handed while clear accumulation took place the entire time...
P.S. if BTC actually forks, or makes a coming fork official and without doubt, we can re-evaluate ! imo a fork would be truly idiotic.. jeopardize everything cause peeps cant agree
btcgene
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@Kantardziski, i understand your worry, though i use TA, fundamentals, plus algos to trade btc and eth mainly. i had many btc calls based on fundamentals which worked perfect ;) of course TA and algo had to be in line for those trades. i do not believe just TA or fundamentals are enough for good trading. well, we do what we think is best. i will wait for btc price action to lead the way (TA says consolidation, algo says sideways on daily, fundamentals says sideways) ;) gl
Kantardziski
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@ethbug ofcourse to each their own thanks for commenting ~ i just tend to "KISS" when possible - (keep it simple stupid) so if technicals tell the same as all threee or four combined (technicals, macro, algos, sentiment) they just make for muddied waters - i believe confirmation bias is endemic amongst crypto peeps
P.s. i wasnt referring to you, u are on TV so u must look at charts :D
p.s.s. this is just an idea, counter to the going narrative of dippity doom
btcgene
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@Kantardziski, nice move by btc. my algo is now close to being long ;) rally would be nice