Tonight I've been crashing on candles and trend analysis just trying to get an idea how you all read those graphs and charts. The thing is, I started researching the market aspect just to understand when might be a good time to invest for a long term thing, not interested in playing the market. All I wanted to do was maybe buy a couple btc and store it over the next year, pick up more here and there if it was a good buy based on long term gains, and maybe have a small amount - $50-$100 - to spend/send/experiment with.
Then I ended up checking out the monster thread and see all the charts and wanted to know what that's about...now it makes me want to day trade. Just watching the market numbers showed me how insanely addictive this can be, and that I'm dancing with my inner digital adrenaline junkie...leaning more into learning and jumping in.
Am I going to be any good at it?
My impression overall just as a dynamics trend is it's going to drop one more time (like my magic number $329) and that'll be met with less "back and forth" trading that seems to me is what's keeping it stuck in this $400-$500 range and 300 range is acceptable enough for the hold outs to go ahead and start the buying again.
It's generally taking into account the 15th that people seem to be waiting on - seems like this lack of movement is because of the buyer hold out more than seller hold out - it'll slip down below $400 and spook a few, down to the low to mid $300...but then it'll peak and start going sideways until mid summer and bust out with a more upward trend on into next year...
That's given things just carry on as usual.
If there's any draconian government bullshit, add a huge buy up wave.
If there's anymore banking bullshit, add a huge buy up wave.
If the cartel blows something else up, it'll stall out til people get a grip.
If they roll out another "anti government" patsy, another crash would follow.
K, now I can see whether I have a feel for this or if I need to just fix myself a brain wallet and go find other things to do
