RE: BITCOIN: Mid-term resistance "Touché " but...
@toofasteddie, nice analysis. I specially checked Steemit, to check if you wrote another analysis, because of the interesting movement of BTCUSD today.
I completely agree with all the stuff you wrote above. So, what I want to say is that if we stick to all rules of the Technical Analysis (you mentioned above), BTCUSD is still in a weak downtrend. So, we have to stay aside from buying bitcion at the moment.
But, sometimes (it is very very rare) I have noticed for my more than 12+ years trading FX + commidities that if I stick to all rules I can miss the beginning of a reversal.
It could be that at the moment BTCUSD is nearing reversal... I am still confused should I stick to the TA rules or no... Because if I have a look at the fundamentals, the situations is not that bad. The Lightning Network capacity is slowly slowly growing...and it may solve the scalability issue of Bitcoin ecosystem and the price should go slowly slowly up.
Well, I feel the same... I think is a good moment for buying BTC or any altcoin with sufficient entity. Actually I am increasing my stake of those coins I think they deserve.
Nonetheless my post is just giving some perspective to the current situation and the expected arrival of the reversal.
Bitcoin is the crypto leader, once bitcoin reversed all the others will follow it behind with much more power.
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@toofasteddie, I bought some LTC yesterday.
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