4 Ways to Trade Bitcoin!Hello my small TV community!
Today I've prepared a chart where I will be showing you my approach to current Bitcoin price action and how I usually trade.
I love to trade ranges as I have a lot success with them, not only with Crypto assets.
Usually I am not opened to all four trades, (usually I just follow the trend, when the overall trend is uptrend I just look for buy opportunities) but this time it's different.
Why it's different?
Because Bitcoin is saying that the overall daily trend is a downtrend, meanwhile the overall weekly trend is an uptrend so I am opened to all of these four trades! Mixed signals.
I only look to buy or sell at the edges of the range, I never enter a trade in the middle of the range. I wait for a better opportunity, rather than taking a bad one. (Even if it would lead to a profit!)
Which one is your favorite, or which one will you be taking? Let me know.
Bitcoinusd
How to Catch a Falling Bitcoin KnifeAnother Ultra Long Term chart ( I hate doing short term trades !)
Here is a VERY IMPORTANT quote from Jason Shapiro from the book “Unknown Market Wizards” by Jack Schwager:
" Everyone understands that the market is a discounting mechanism. What people don't understand is that the discounting mechanism is not the price, it is participation. Its not that the price has gone from 50 to 100 and thus the bullish fundamentals are discounted. Its about everyone is long and hence bullish fundamentals are discounted. An example: when amazon stock was about 700-800 everyone said it was ridiculous, calling it a bubble. It was clear though that most people didn't own it else they would not call it a bubble. The stock is now trading above 2300 based solely on participation."
So here is a take on participation (measured using VPVR) over two BTC bull runs (signaled in the chart with a 50-100 MA cross) :
A: Participants who think halving is bullish accumulate thinking (rightly so far) doing so will be a low risk trade.
B: Participants add on to existing positions on bullish confirmation that halving has caused a price rise, long term bears with a functioning pre-frontal cortex jump in.
C: Participants who bought the top in the previous cycle try to get rid of their trauma seeing that price is back at their buy price. Buyers buy their bags. People who are hyper intelligent rationalize that previous top should be the new resistance sell. Too smart they are. The real resistance was Price level B.
D: Participants who think they will buy BTC when it crashes below previous ATH, fomo at these levels after BTC has a near vertical rally, offering no point of entry. Some folks who sold at C buy back again, continuing to rationalize that at least they averted a “potential” bearish scenario.
E: WELCOME NOOBIES
People who do not have the stomach of bearing pain for long term gain, sell at break-even OR at a loss. So two patterns emerge:
1. BUY > price goes down (trauma) > price goes up (hope) > SELL (relief) , OR
2. BUY > price goes up (euphoria) > price goes down (shock) > SELL (relief)
Next bear market bottom: Placing some bids around D and E to catch a falling knife seems to be a good idea. Average in of course coz you never know if price will actually reach D and E. Participants change over time. And as you I show in my display picture: No Pain, No Lambo😊
BITCOIN OR ANY MARGIN TRADED COIN - HOW TO SCALP TRADE Dear Traders and Hopeaholics alike,
HOW TO SCALP LIKE A PRO - NO BOTS, NO SCRIPTS, JUST UNDERSTANDING HOW THE INDICATORS CAN BE USED.
As the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) , you are NOT going to laugh at this strategy... BECAUSE USING THIS... YOU... YES YOU... will be laughing all the way to the crypto bank!!! HA HA HA... I hear you... this works!
And the strategy is FREE, no paid course, and simple to use!
WHAT YOU NEED
9 AND 21 EMA (EXPONENTIAL MOVING AVERAGE)
100 AND 200 MA (MOVNG AVERAGE)
A MARGIN/LEVERAGE TRADED ACCOUNT.
PAID TRADINGVIEW PREMIUM VERSION ALLOWS YOU TO SET AN ALERT ON THE CROSSING OF 9/21 EMAs - I HIGHLY RECOMMEND AS IT WILL PAY ITSELF OFF IN NO TIME!!!!!
These trades are best on 15min chart as it gives stronger confirmation on the direction.
They are also best when 100/200MAs are situated above or below the wave formation.
When MAs are tight to wave formation there is a high risk of entering a scalp as the direction is uncertain.
Always wait for confirmation of the 15min EMA indicator cross.
YOU MUST USE A STOP LOSS!!!!!
Scalp trades at any time are high risk as the market direction is not confirmed in correction zones. It is a way to make DOLLARS in an uncertain market, as you can see on the chart, trades are flipped LONG and SHORT as the EMAs cross. As explained and you can see in the example it is a higher risk when MAs are crowding the waves.
Be careful of over-margining/over-leveraging your trade, as the margin for any error can be affected with any wave move.
FOR BEGINNERS - I recommend commencing paper trading your entries and exits to gain confidence without risking your capital to commence with, we want you to be successful and making $$$
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When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading.
BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!!
SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!!
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If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!!
Crypto Untapped Educational Series EP. 2: Drawing S/R LevelsIn today's episode, we review support and resistance as levels. We explain why price action moves the way it does via buyers and sellers and how to enter/exit based off liquidity in the markets. Enjoy!
DISCLAIMER: Investing into cryptocurrency comes with inherent risk including technical risk, human error, platform failure and more. Invest at your own risk. None of our content is to be construed as financial advice, we are a cryptocurrency education platform.
BITCOIN Retest of $8,000 - WYCKOFF DISTRIBUTION Tutorial Now, I wanted to take a look at something here. I am new to using the Wyckoff Method for the distribution phase of a chart's characteristics, So this for me is a lesson in time, I want to see how well our charting and recognition here actually come true.
In this area, there are Phases A-E
A fantastic write up here about this type of charting pattern. medium.com
Quoted Misconceptions
There are a lot of misconceptions around distribution but not quite as many as with accumulation. I imagine this is because people are naturally more bullish than they are bearish. The major misconception usually occurs with assumption that an asset that has been in a strong uptrend will automatically enter a period of distribution at its “top.”
A little like accumulation (when a coin has bottomed) the first instinct should be to look for the Wyckoffian concept that supports the continuation of the trend. You should be looking first and foremost for signs of reaccumulation with a check on distribution.
This is one of the primary reasons I enjoy charting with Wyckoff so much. It allows me to follow the trend and chart accordingly, but at the same time it forces me to check my bias and prepare for an option that may cause the end of the trend in the short, medium or long term.
1ST LESSON FOR CRYPTO TRADING BEGINNERSJourney begins today with this 1st lesson for beginners. Jumping on the quick and profitable trading strategies is secondary. Primary objective of Cryptocians account is to provide ground level basic knowledge for beginners right from what are candle sticks and how do the perform, to how to plot strategies and trend lines.
Of course in couple of months you will see our ideas for making call for action profitable strategies.
BTC/USD MOMENT OF DECISION - COMPLETE BEGINNER'S WALKTHROUGH10 minute read, you have been warned.
This will be a detailed walkthrough comprised of key points for both the bulls and the bears. Technical analysis will be done at a beginner-intermediate level. Readers are encouraged to look up vocabulary they do not understand, because hey, it's almost 2020, everyone can use Google and TradingView has their own wiki.
We will begin with fundamental analysis.
Why is crypto worth anything? Why are there trillions of dollars in this relatively new financial space? Is it a castle in the sky? Is it actually a valuable asset? Why does this weird mathematical abstract thing have value? Why?
To answer questions in order to support a fundamental long or short stance on any asset or stock .. screw it, anything that you can attach a price to that may change over time: you have to dig pretty deep into the woo-woo of what's really going on in this world. Just stick with me for a bit.
Why does anything have value at all?
Do we value a material or abstract good for the ownership of the object itself?
No, of course not. We want things for their services. Scarcity of these services drives price gain. Better services are also more expensive for a single unit.
Lets compare crypto to fiat in terms of their services:
Oh also, we will examine the
C - Confidentiality
I - Integrity
A - Availability
of the asset. These are the three core pillars of web security, and can easily be extended to judge the overall security of a digital asset. I pulled this straight from my college senior level Computer Security textbook, by the way. Really dense read, but worth every word if you want to truly do fundamental analysis on blockchain assets. It's pathetic how quickly some of these fintech guys will fall apart as soon as you start to poke holes in their whitepapers over their security. Also yeah, let me call one of them out: IOTA. Are you guys serious? Do you think you have Google-level ability to hire swarms of CS Security PhDs for 200k a year in order to make sure not a single self-driving car, or heck, even a toaster gets hacked? I mean, you guys are seriously trying, I see that, but making the leap from blockchain to DAG right now is totally not okay. In theory, yes, it is that much faster, but you're basically trading the 51% attack for a whole new host of bigger issues. A bigger institution needs to take on this task. I'm looking at you Amazon: this is the big takeover chance for you guys. If Amazon ever drops a DAG crypto, buy it to the moon, because it would just fundamentally revolutionize capitalism itself.
Anyways, crypto vs fiat:
Crypto:
Anonymous in most cases - High Confidentiality
Public/private key cryptography allows for public read access of the blockchain for Integrity purposes
Very secure, mathematically sound (Take it from a Silicon Valley fintech wiz: I have personally done basic CBC-blockchain encryption. It works. I've done frequency analysis on byte-code output, tried to calculate mathematical brute force solutions against blockchain type encryption. Totally solid, and verified by mathematicians worldwide. It'll be fine until quantum computers.) - Top Integrity
Cannot be counterfeited or forged - Top Integrity
Cannot be robbed in most cases, especially cold-storage hardware wallets - High Integrity
Low-transaction fees and fast send times for modern blockchain (ERC-20 and better) - Good Availability
Huge liquidity in terms of market cap of stablecoins and volume between core assets like BTC/ETH/stablecoins, accessible from any $100+ smartphone - High Availability
Limited supply of key assets forces scarcity - Bad for long-term availability of symbolic and valuable precious digital assets, ie. BTC/ETH/LTC
Good store of value - long term view for crypto will never hyper-inflate
Fiat:
Used for person to person transactions in (usually) small quantities
Circulated heavily through banks and tied to government identification - No Confidentiality
Bills are tracked by government, leaving a paper trail regardless - No Confidentiality
Can be counterfeited, forged, and stolen in some cases - Low Integrity
Available everywhere, except tied to nations. USD is not true international currency, and you're better off with an international travel credit card with no transaction fees than actually try to carry tons of fiat to the country you're visiting and eating arbiter fees, especially if you need to be all over the place. - Neutral Availability
USD is loaned out to US by China. Federal bank increases the interest rate to cheat debt. Every US citizen and corporation holding fiat, even the government itself, loses value. USD is not backed by gold since 1970. Inflation rates have been triggering exponential growth indicators for the last 30 years: aka. run-away inflation risk is high. Saving for retirement in USD probably not the best call for young people today. Bad store of value.
I'm not slamming fiat. It's nice, it's not heavy, and that stuff is pretty. And tangible. But paper money has been out since the printing press, and you can look that date up yourself. It's old tech. Crypto is new tech, so of course it wipes the floor with fiat in every category of fundamental analysis, especially when it comes to security. We have reached the tipping point where crypto is hitting critical levels of AVAILABILITY. Anyone with a crappy 5 year old refurbished cellphone and decent 4G can start buying and using cryptocurrency to its full capacity. Do you know what that means?
1) People should be willing to pay a premium for crypto assets because they provide a better service than fiat.
2) Developing and third world countries now have access to crazy stuff like crypto backed credit lines that have more 3% interest on stablecoin collateral than APY ????!? (I'm looking at you Nexo) Are you telling me that the oppressed masses of the world now have access to financial firms that don't check your identity and give you rates SOLELY based on your FINANCIAL CREDIBILITY and NOTHING ELSE?
If you hate dealing with real world problems, skip number 3.
3) Look, this world is completely effed if nothing changes. If we don't fix greedy unchecked accumulating wealth exponential growth with no regard for sustainability capitalism right now, Mother Earth is going down and she's going to take us with her. Close out this article if you don't agree with me, you shouldn't be trading anyone's money. There is a theory that roots in classical economics about this: infinite growth theory. That if we accumulate wealth and invest it, the dividends of the future outweigh the damage we're doing now. That if we double down on technology, we can cheat the rules of this Earth. If the fish die, we find a substitute. Everything can be substituted, even the trees, we'll make plastic and artificial ones. When all the oil runs out, we'll just have better technology by then. Capitalism is already as good as it can be, and we should just laissez faire to the max and everything will be fine. Don't worry about it.
Okay, that theory is 60 years old. And based on ideas that are even older. When we were bootstrapping ourselves towards the stars as humans, firing the first steam engines and cranking the first pulley driven mills, we had no clue what was about to hit us in exactly 130 years. The internet? Computers? Artificial intelligence? Hello? Nothing was really abstract at the time. Everything was pretty human to human in the 1850s. This may as well be dystopia ... or utopia to a time traveler coming from the 1850s. We are at a tipping point, not only in crypto, but the financial flow of the world. Technology is about to hit that point of accumulation where it is ready to truly take off. I won't rant about AI singularity right now, but all I'm saying is we have the mathematical tools, theoretical ideas, and accumulated capital in the hands of a few visionaries to really take off technologically right now. But the thing is, the timing isn't right. What the heck are we using AI for these days? To turn the lights on and off for us when we cross the doorway of our home? To make really crappy celebrity memes? We could really help the world with this technology.
And blockchain currency is the gateway to that technological advance in a REAL direction. Because crypto will allow the oppressed of this world easy access to the ability of bootstrapping themselves. And when their voices are heard because they too move the waves of the great financial market, we will have to listen to them as a collective. Maybe we can all agree to double down and go long on sustainable, long-term growth as a world. That's my vision for crypto, and that's fundamentally why I will always be long.
CURRENT MARKET ANALYSIS:
Fundamentally, we are long on crypto for the aforementioned reasons.
We are looking at the long term trend, each bar representing a week of time.
We can peer back about a year and a half at this zoom level to see what we can find in terms of trends.
Purple dashes is the top of a long descending channel from the all-time high of the chart.
Magenta dashes (hard to see) is the bottom of the same channel.
Green dashes along the green ribbons is recent bullish pressure.
Recently, price broke below aggressive bullish trend. Currently price is cutting into some of the long term MMAR ribbons. As such, we can see the squeeze breaking downward. MACD is swinging back towards 0 as some of the long term supports provide brief reprieve. Sell volume is slowing down below average levels. We are seeing some consolidation and weariness in the market. The bottom MMAR ribbon is located around 7300. We have not broken below that support, which coincides with Kijun-sen of the Ichimoku Cloud. The cloud is represented by the greyed out area.
Critical things to watch for:
MACD signal line is about to go negative, amplifying future sell signals.
Squeeze accelerating downward and can break the market downward at any moment.
ADX possibly retracing upward as Stochastic MTF peaks and troughs at the 30%-70% levels means a breakout in either direction is possible, and will be very violent when it happens. I believe from the MA that the price will continue to fall. There is also a DI+/DI- crossover (DI+ green, DI- red, ADX blue lines on the second up from bottom chart). If these lines diverge in their current trajectory combined with a spike in ADX and volume we could see the price obliterated below all current "normal" psychological baselines. If we break below 7300, free-fall to 5k-6k levels are likely. If the price breaks the long-term conservative downward channel with enough momentum around 4800, which coincides with the Senkou B line, we might just be dead for awhile. Accumulation would have to begin around absolute baseline levels of 1k-3k. Depends on how greedy and willing to be patient the whales are. And if I know anything about whales, they are THE MOST GREEDY and PATIENT people. The next moonshot upward will test something like 11350 to be safe, but we could just slingshot lunar orbit and keep going if the bull run is epic enough. Nothing is set in stone. Nothing is destiny. At a certain point, this is just cooperative abstract modern performing arts with numbers and math and prices.
If you're not playing with margin, wait a few weeks for maybe new supports around 5k-6k or lower. Just wait to buy at the true bottom. If you are margin or future trading, play risk safe as shakeouts are always possible in an unsure market. Ultimately with the proper stop-losses and the right risk management, even a small short position can become hugely profitable in a free-falling condition. Just don't forget that eventually the momentum will always retrace into a long term buy-signal. Anything can happen at any time with a massive volume spike. Watch for that as final confirmation of opening a medium to long-term position.
BTCUSD Bullish momentum confirmationWhat a beauty move.
But be honest...who didn't saw that guys? Just need some manual draws on RSI(20).
RSI(20) breakout once, than confirmed twice.
Look what caused this on the candles chart:
What's next?
In the next 45 minutes (before the next 1H close) bitcoin will decide : which direction to keep before this weekend.
Be safe: it could be a big bulltrap before weekend - and whales could be tricky, thats why I'm preferred the a SHORT position soon near to 11k - hedging against current profitable LONG.
CONCLUSTION
* RSI(20) not only good for detecting divergences ( I've wrote a good article here ), but also good for finding the right momentum to entering a trade.
* Don't use '"trade and pray" strategy ... it's a noob's way. Better to entering into confirmed trend via the momentums.
If you have any technical analysis question - I will answering it today in the comment section!
Bitcoin Supply and Demand Weekly ZonesWelcome to everyone.
here are some bitcoin analyzed SD zones on weekly time frame. Price respects these zones and there are chances to change the trend's dirrection after touching these areas.
As we know there is a prediction of btc price. In this year price could possible to touch around 30k usd.
so waiting for the strong move.
Enjoy the Weekend.
Happy Trading
BTC – A Subtle Art of Setting Stop LossesHi Guys!
We are sure many of you lost money being discarded from your positions even though you correctly predicted the general direction of the price.
It happened to us as well . Many times.
After such event, you feel bad and temporarily freezes from entering the new position because of the fact you feel insecure and you lose your self-confidence .
Unfortunately, many untrusted exchanges take their position in granted .
They see the whole order book and they see our stop losses.
The art of setting them properly is to set them where no other participants do the same.
In such a place, it is very likely our position maintains and we earn money together with manipulative participants of the market.
Unfortunately, that’s the way it is.
The same happens on forex but not in the exchanges but on the brokerage level.
Please take a look at the charts .
Everything is described there.
Please let us know what you think?
Do you have any other interesting strategy?
Remember set your stop-losses at the least obvious place .
Thank you for reading and your time.
MASSIVE Hugs!
WBM Team.
Correlation continuesBitcoin and the stock market continues to correlate as news this morning started to cause markets to sell-off, which has resulted so far in a drop in Bitcoin shortly after.
We have to continue to keep an eye on this because they have been following each other closely.
Thanks guys
Bitcoin: The April Bullish wave theory.
Have you ever heard of the April Bitcoin bullish wave?
it is true and generally happening, for some reason the period starting from April to the summer time has a tendency to form bullish patterns and rallyes.
Reason of a post tax period in the U.S?
Reason that investors and big investors prefer post christmas time to start investing and rebuying as it is the period of the year when they possibly have as an average, the most money to invest somewhere?
The market is small, so it is very likely that it reacts in an important way to post tax periods, and average cashing in and out variations.
The charts does not lie.
This April-summer bullish theory is an average indicator i included in my prediction of a very strong bull trap possibly incoming, mixed with the 6.000$ double bottom, the huge short squeeze, and the correct market sentiment with lots of people shouting for the moon and beeing certain that Bitcoin has bottomed.
What month are we already ?
The Double Bottom Reversal is a bullish reversal pattern!The Double Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts, and candlestick charts. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.
Although there can be variations, the classic Double Bottom Reversal usually marks an intermediate or long-term change in trend. Many potential Double Bottom Reversals can form along the way down, but until key resistance is broken, a reversal cannot be confirmed. To help clarify, we will look at the key points in the formation and then walk through an example.
Prior Trend: With any reversal pattern, there must be an existing trend to reverse. In the case of the Double Bottom Reversal, a significant downtrend of several months should be in place.
First Trough: The first trough should mark the lowest point of the current trend. As such, the first trough is fairly normal in appearance and the downtrend remains firmly in place.
Peak: After the first trough, an advance takes place that typically ranges from 10 to 20%. Volume on the advance from the first trough is usually inconsequential, but an increase could signal early accumulation. The high of the peak is sometimes rounded or drawn out a bit from the hesitation to go back down. This hesitation indicates that demand is increasing, but still not strong enough for a breakout.
Second Trough: The decline off of the reaction high usually occurs with low volume and meets support from the previous low. Support from the previous low should be expected. Even after establishing support, only the possibility of a Double Bottom Reversal exists, and it still needs to be confirmed. The time period between troughs can vary from a few weeks to many months, with the norm being 1-3 months. While exact troughs are preferable, there is some room to maneuver and usually, a trough within 3% of the previous is considered valid.
Advance from Trough: Volume is more important for the Double Bottom Reversal than the double top . There should clear evidence that volume and buying pressure are accelerating during the advance off of the second trough. An accelerated ascent, perhaps marked with a gap or two, also indicates a potential change in sentiment.
Resistance Break: Even after trading up to resistance, the double top and trend reversal are still not complete. Breaking resistance from the highest point between the troughs completes the Double Bottom Reversal. This too should occur with an increase in volume and/or an accelerated ascent.
Resistance Turned Support: Broken resistance becomes potential support and there is sometimes a test of this newfound support level with the first correction. Such a test can offer a second chance to close a short position or initiate a long.
Price Target: The distance from the resistance breakout to trough lows can be added on top of the resistance break to estimate a target. This would imply that the bigger the formation is, the larger the potential advance.
It is important to remember that the Double Bottom Reversal is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow , OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top , it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.
Bitcoin: a huge scam created the biggest bubble in HistoryThis message is for the cryptomaniacs that are still brainwashed regarding the situation of Bitcoin and that are calling me a noob since a few months : Bitcoin is the future of money, a virtual gold, only smart people understand its true value, it is a gift from Gods, i am too stupid to understand it,... The problem IS that i UNDERSTAND it.
The rich persons that own almost half of the Bitcoin, brainwashed you through any kind of network to buy Bitcoin . This huge artificially created demand made you believe you will become a millionaire buying Bitcoin.
They have got half of the avalaible coins, you rushed the trading exchanges to buy Bitcoins in mass because of their brainwashing on you, your Fomo and your greed.
Bitcoin became more and more rare as coins are almost not used as a currency and are instead stocked in virtual safes, the extra huge demand compared to the small supply made the prices explode. And the value crashed to the downside when the whales sold in mass. They stole your money, and you keep on dreaming about Btc.
Bitcoin itself is not a scam, blockchain is awesome, the way bitcoin itself is mined and transferred is awesome.
The existing scam that i want you to realize, is the manipulation these whales did to you to make you think you absolutely need Bitcoin. Their idea was indeed extremely good. This whole move of Bitcoin Holy Grail label is a monstruous fraud.
They managed transforming a crypto currency into an sort of Ponzi scheme asset like. Don't you see it? Governments, banks and investment funds are warning you since months that Bitcoin is a fraud. You think it is for no reason?
And i am not even talking about the monstruous price manipulations, Tether, pump and dump schemes, Bots artificially pumping the prices, ...
If you think Bitcoin is the future as a currency, you are wrong. Almost every country in the world is about to regulate these coins. When they say regulate, it does not mean they intend to regulate them in a positive way, wake up!
They intend to shut down bitcoin beeing used as a currency, it is extremely dangerous for governments as it creates risks of fraud, money laundering, they need and want to control their money, and believe me, they will terminate the use of Bitcoin! They can, and they will do it. They will regulate it as beeing a stock, not a currency! they are saying every day that Bitcoin is not a currency, but you are blind because of your brainwashing and DO NOT even see governments warning messages.
This means you will only be allowed to trade on recognized exchanges! If you have financial knowledge, you know what it means: no more Tether, no more price manipulations, no use as a currency but as a stock only.
Countries decided right in front of your eyes about Bitcoin Faith during the G20 meeting: they want and they will regulate this cryptocurrencies market. They want to regulate its speculation! you know what it means? Open your eyes, it means they want to stop this Bitcoin Label scam that brainwashed so many persons to speculate on Bitcoin, they will terminate the fraudulent market and they will certainly terminate its use as a currency.
Bitcoin is extremely highly priced because prices are manipulated since a few years, you have to realize this too. Human trading did not raise the value of Bitcoin from 1 dollar to 20.000 dollars!
When this market will be regulated, this will be game over for the Bitcoin you know since all those years. You would still be able to trade a non volatile Polly Pocket Bitcoin.
Finally, i want you to face the gigantic bubble of 2018. Its pattern structure is a Nasdaq Composite pattern type, this ressembles in nothing to the previous crashes (already made by whales) of Bitcoin, i am sure you can see it.
This 2018 crash is the biggest bubble humans have ever created in term of value, and if you do not realize this, ask yourself why you are too blind to see this market speed-light collapsing right in front of you, and try to save your money...