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Can we have a non-hate mail vs fanboy thread on trading Bitcoin?
invite response
2022 Mar 12, 4:27pm 21,869 views 189 comments
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188
just_passing_through
2022 May 10, 9:52pm
just_passing_through
2022 May 10, 9:52pm
I haven't seen anyone post about Terra yet. The loss of the peg is a pretty big deal and affected the other cryptos.
189
Cash
2022 May 11, 8:41am
@DooDahMan
Do you have to post all of every fuxxking article you glance at? Please learn to paraphrase a bit of the article, share "your own thoughts if you actually have any" and then share the link like 99.9% of the other Patnet'rs do.
Do you have to post all of every fuxxking article you glance at? Please learn to paraphrase a bit of the article, share "your own thoughts if you actually have any" and then share the link like 99.9% of the other Patnet'rs do.
« First « Previous Comments 188 - 189 of 189 Search these comments
Let me make a comparison to a more mature market.
The following is a multi-year chart of the EUR vs USD, with the 50 bar exponential moving average (EMA) as the indicator on the chart. As anyone can observe, when the spot price is above the 50 EMA, there are more bullish trading opportunities (in green) than below it. And when it's below the 50 EMA, bearish events (in red) tend to be more common.
Now, contrast the above with that of BITCOIN vs USD. Whenever the 50 EMA is tested, the bearish opportunities are sparse and really don't even given bonafide short sellers much time to maneuver w/o a near term rally taking 'em out.
All and all, that's a bullish market with a high amount of sentiment on the upside. So until we see a general overall market meltdown, I'm not calling curtains on the cryptos.