RE: Bitcoin (BTC) Evening Update: Bull Flag Fractals Everywhere!!

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Bitcoin (BTC) Evening Update: Bull Flag Fractals Everywhere!!

in bitcoin •  7 years ago 

wonder how the alt would react during this correction. Usually when Bitcoin goes down, it takes down alts with it. So it might end up being a blood bath. :(

bitcoin
7 years ago by

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      ·  7 years ago 

    I think the above is unlikely, but it becomes much more likely if the smaller H&S @haejin outlined is realised. (This would be a H&S fractal!)

    If (and only only if) the above happens, for me, I'd be moving 80-90% to fiat. I think most alts, with a few exceptions would be smashed.

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        ·  7 years ago 

      Haejin will warn of this scenario if it becomes probable.

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          ·  7 years ago 

        Yes he would. As I said, the smaller H&S he outlined would have to happen first. Then this becomes more likely.

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            ·  7 years ago 

          Even if it won´t happen on a regular basis, if he warns it will crash, as there are sooo many followers with a budget. Anyway, I hope he wont announce any bad news and keeps up those heaters! Love this guy <3 Haters gonna hate..

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              ·  7 years ago 

            Little bit ironic, lets stay positiv!

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                ·  7 years ago 

              What about moving to BitUSD instead of Fiat?
              Good idea? I still haven't talked to my accountant yet.

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                  ·  7 years ago 

                Sorry, by fiat I mean "just not in btc/alts". Bringing it out into actual fiat would trigger taxation events that I'm not ready to deal with.

                Most of my stack is over on the bitshares dex, so I would pull it into BitUSD.

                I wouldn't put it into USDT either... the chance of that going to $0 is not 0 at this stage.

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                    ·  7 years ago 

                  BitUSD is solid.

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