We are now beginning our transition from denial to panic as it becomes increasingly clear that we aren't in a long term...

We are now beginning our transition from denial to panic as it becomes increasingly clear that we aren't in a long term consolidation pattern and, accordingly, that the previous $5.8k low will not hold.

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It will hold.

We just entered anxiety. Long way to go.

We were are already in depression, Jow Forums posters are sampling bias. People that market sold all stop posting.
I don't see any catalysts for btc though. Fucking ethereum devs, if PoS hard fork was already scheduled we would have downwards flippening soon.

haha jokes on you... I'm depressed not panicing

This is actually correct. Good work user.

Guys, you dont go from 10k to 3k or some shit with no reversal. The bottom is 5, at worst. Probably higher. Don't sell, don't be fags, in 3 weeks we will be rallying. Not to some golden bullrun, but a real reversal. Load up on cheap alts. The charts on binance look absolutely retarded.

We’re clearly still in complacency. Just read the pic.

you ever seen a market crash?

You clearly havent

You are far too optimistic, friend

lol retard

Funny that the meme chart doesn't have 'bargaining' or 'acceptance.' People who have gone through that process will make it.

Yes. I'm a very experience trader and this is all I do.

This.

My two cents are between 5000 and 5500, we breakout from the channel, bull run like happened in April, stopped at some resistance wherever you prefer and then we seriously hit the floor.

Shitcoins are literally at the floor, they need to breathe a little bit too.

What are your six-month projections?

I don't make long term predictions. I just trade what charts give me. Hold free coins I've earned and wait for shit to moon. In the mean time....here's what you do. Pick 2 major Binance coins that are very fucking low. Wait for BTC to really show signs of panic. Right now it's far too grindy. Look at 1 day charts. When BTC gets panicky, make your first buy. If it goes lower, fine. You want it to go lower. In fact, you fucking pray that it goes lower. On your second entry you will buy double the coins you bought before. Could be NEO, LTC, NCASH, whatever shit looks okay. Make sure you space the buys out, at least 5-10% drops in between. And just keep going. The worse it gets, the more you buy. Then suddenly, out of nowhere when the btc panic is finally done, the ship will turn, and you will laugh as you profit.

I don't know but I'm bearish on mid term.
Even if BTC recovers, we won't see a new ATH before a couple of years, probably the halving could be the catalyst for a new insane bull run. That doesn't mean we can't make money in the meanwhile, but in a different kind of market, learn to adapt.

Bounced hard off this.

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Look at the Buy-Orders for some Alts.
Soon reversal.

I'm not fucking selling, stinky ass-whales.

People selling eofy to take losses against other profits

Can someone even explain why this is so eerily accurate?
If market cycles were always this, then people would have noticed by now and would kinda know when to switch to fiat. This seems to easy.

Because the delusion at the top is real. I thought I was above it, but it's easy to make yourself ignore the signs.

Are here, ladies and gentlemen, we have an excellent example showing that we are currently in the denial phase.

Vast majority of retail buyers bought in when their friend said "I made 5x on shitcoin, easy money". These people knew nothing about markets, just that at that time you buy in and win....

whatever the bottom is I just hope its fucking soon and the fags holding fiat waiting for the entry actually buy in and let the fucking rally begin

A lot of idiots got burned, we need a new wave of people. Honestly not expecting much

Nah, we don't need the normies, we need good tech to attract big players

*Good tech suddenly appears* Crypto is currently shit for payments and currency. Only value is using it as a speculative investment. Even using sidechains to make transactions "instant" crypto is still an unnecessary fee on already existing payment systems.

The only real use case of crypto is borderless and decentralized transfers that are faster than a wire transfer. Unless banks start accepting crypto directly it has no real world use case since you still need to operate through an exchange.

Stop lying

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niggers

I remember enron everytime I see this image.

lol the "double your bets till you turn positive method"

im so glad theres financially savvy people like you in this.