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[quote][i]Originally posted by SetH[/i] [quote][i]Originally posted by Dan[/i] Seth. Not sure where you make these assumptions from. The amount of new wallets with more than £1 in is at an all time high. The amount of bitcoin google searches also at an all time high... Also. The first rule of crypto.... TA doesn’t work 😛 [/quote] You are correct that TA does not work in Crypto. HOWEVER... look back over it's history and more often then not BTC respects the support and resistance lines as well as the fib retracements. You don't have to look too hard at all to see consistent examples of both, 5 minutes on a chart on trading view, draw a fib retracement from this years ATH and see how well it lines up. In fact its uncanny how well its respects the fib retracements despite the manipulation and huge whale moves. Any other TA that applies to forex does not seem to work when applied to crypto. I am not making assumptions about the buying volume from retail being small in comparison and the majority of volume being institutional from OTC buying. It is well documented and known as the data is freely available, again 5 minutes search you will see. I am aware of the google searches, 'buy bitcoin' is also at an all time high. However still not seeing the buying volume from retail, I expect we will see it when people FOMO over 16k (if we get there). I read the white paper on Vulcano by the way, nothing stands out as remarkable but I stand to be correct if you have insider knowledge. I still see ALT coins as shit coins now and lost interest in them sometime ago and sold the lot back in Jan. Still no sign of ALT season. If BTC goes sideways for a while and we see the signs of ALT season I will probably trade them. Do you trade at all or are you accumulate and Hodl with a sprinkling of hopium and moon boi? ;) [/quote]
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