Re-pulished! I compared the situation with 2018, the formation could look similar. Yes, I'm comparing 2D to 9h, but that doesn't mean we won't see similar.
Sorry for the re-pulishing! My first post was banned because I unfortunately violated the house rules. Maybe you can please like it again and support me so that the post gets a good ranking again. I hope this one is okay.
If we look at the current Crypto Fear & Greed Index it is at 15. At that point, it was comparably low.
Let's see how the week plays out. Also positive is that we had three weeks in a row no lower low. This further suggests that we have seen the bottom here. So do not think that this must be a bearflag. snapshot
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Let's see what happens. Happy trading. :-)
BTCINVESTING
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My current Post "Another bad news for bears!" Jun 6, 2021
@mr_deadly, :-)) i m bullish since btc was 250 USD. so lets see. i buy btc dont sell. every dip is a buy point. ;-)
ram4nd
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@BTCINVESTING, Yes but it isn't any more. So it's irrelevant. When you are bullish at 40k, 60k and you get called out you say you are bullish since 250 USD. That's just wrong.
Ether2020
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@BTCINVESTING, YES YES YES you got it my dear friend! Bitcoin is the only coin woth buying and holding! The supply is limited in mining, the halving, the fact it cannot be printed as much as they want like the dollar and Euro. It is the only true digital work. I know Ethereum has a much better network but the quantity is not limited. They can change the algorithm but with Bitcoin impossible. They only thing which they can affect is the halving but that doesn not change anything to the limited coins to be mined.
mr_deadly
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@BTCINVESTING so your charts are not really objective. Good to know ;)
Ether2020
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@ram4nd, I am no bull nor a bear. I can be bullish or bearish. I do not try to predict the prices. Just do it step by step what the chart is trying to tell you. Nothing more nothing less ;-)
Happy trading mate!