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RE: Bitcoin TA - summary of analysts - 12. June 18
I work with historical Bitcoin trendlines and they tell me now is the ideal time to load your boat with some bitcoin, as the lower basic historical supportline is very close and bitcoinmining cost can't get much lower. If bitcoin falls below 6K and through this line, we will be in new uncharted territory and price could fall to 5K, 3K, 1K. So, my guess is UP!
https://steemit.com/bitcoin/@pagandance/now-is-a-good-time-to-buy-bitcoin
Yea, bitcoin took another hit about an hour ago. It sort of feels like that old trader saying "Sell in May and go away" but it may not be seasonal, as seasonal trading has been evaluated and doesnt always hold true. The summer as shown in the chart above, as well as Chinese New Year do seem to be worth noting when you look at past performance. With all that said, the future is what matters and no one has a crystal ball.
@heavybags no shit you know your stuff well. I just followed you sir.
Thanks for the comment it brings hope to me