28-05-2022, 03:33 PM
This is 4 hourly chart of bitcoin for last few days.
You see it struggling then break below trading range.
This happened when speculative stocks on on Nasdaq had one of the biggest up days with so many speculative junk stocks rising 5-10%.
This tells you speculative money is giving up on Bitcoin. The capitalisation is too heavy to move it up with tighter money supply ...its a dangerous sign.
Bitcoin can drop precipitously from here. You need to stop listening to promoters.
If I have any j will just sell and stop the losses from mounting.
You see it struggling then break below trading range.
This happened when speculative stocks on on Nasdaq had one of the biggest up days with so many speculative junk stocks rising 5-10%.
This tells you speculative money is giving up on Bitcoin. The capitalisation is too heavy to move it up with tighter money supply ...its a dangerous sign.
Bitcoin can drop precipitously from here. You need to stop listening to promoters.
If I have any j will just sell and stop the losses from mounting.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.