Post by twetch#15764
TA of individual currencies isn't worth much when everything does whatever BTC does, but just more amplified. If BTC drops way more, BSV will do the same.
I don't see a reason for it to take off because it pumped due to court news. Should go down more imo
What the chain says
- Block
- 623 691
- Time
- 2020-02-26T04:18:32Z
- Signer
- 1LiXKir5ru4HDBzJ5JYUfDnLV4wmRBzBjY
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#15764
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1LiXKir5ru4HDBzJ5JYUfDnLV4wmRBzBjY VerifiedReposted by (1)
Replies (4)
I have to clarify: "it" in the 2nd paragraph is BSV.
Nothing much will happen to price unless:
- mass adoption happens, which will take a long time
- BTC (thus all crypto) gets another bull run
- Satoshi moves any of 1.1M BTC
I view TA/EW as a tool for channelling intuition, rather than having empirical value.
Another possible price happening - a not so far out, inevitable decline and death of the petrodollar. Is closer than conceived.
CV19 & election pieces of the puzzle too.
I appreciate your perspective.
When it comes to trading, I go long based on fundamentals (Satoshi Vision) but I go short after something gets overvalued/overhyped. World crisis isn't something I tend to consider for crypto trading, but I hear you.
World crisis invokes an emotional response departed from reality. Perhaps world crisis is simply the natural state, but hidden. Invisible until our beliefs are shattered displaying a layer we previously couldn't see.