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RE: Bitcoin Day Traders: Take Caution

in #bitcoin6 years ago

“The crypto space has more active PSYOPS then the US military.”

Never truer words my friend. The ripple thing is a great example and it was well done. For those pumping and dumping it....they made out. But let us not forget the long game....it moved it from less than a quarter to solidly over a dollar for the forseeable future and thus, as they latch on to any upward alt coin momentum they start there now.

Gonna have to landline ya, but for the benefit of anyone reading.....what are your thoughts on the indicators that it might jump up a bit and then drop again? I've seen a few analysis folks have done of the current Elliot waves. There's also longforecast, but honestly, having looked at them for a bit now I think they are using a stocks algorithm that is just not compatible with crypto.

Defintitely going to check out your suggested link.

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Key in crypto is the fact that their are no true certainties. Their is a ton of speculation but if someone speculates, they need to speculate with some serious analysis behind them. Example: Right now, I am speculating that Neo actually becomes as big as Ethereum and possibly bigger. Not necessarily monetarily but through its continued path of performance. I also believe Ethereum will soon take over Bitcoin. So what does that mean for NEO?

The reason I say this is because I have been looking at patterns, fact sheets, and a lot of noise and chatter which allows me to make my analysis which honestly I believe everyone and their mother would think I am crazy for. But I also understand with my analysis, their are way too many gaps of information which makes it very incomplete hence to me, it should be considered speculation.