Bitcoin continues to respect Feb 6th bottom
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Remembering Bitcoins epic return from the $6k bottom!
The deep "V shaped" bottom BTC price made on Feb 6th has proven to be an epic support level, and on that February day, blood ran in the streets of crypto, and fear gripped the hearts of many. The weak hands were gripped by fear and sold in a panic at any price, and those who bought, that same day, are people who saw value for half price, those are the ones not controlled by emotions, and they profited the very next next day, within 14 days those people who bought when the streets were red with blood and panic were way up, and had the pleasure of choosing to sell at nearly 100% gains or keep holding for the longer term. A perfect example of the kind of choice we want to be faced with....Especially compared to selling out of fear based emotions, us humans and our emotions, when will we finally learn not to feel?
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#foolishhumanemotionswithBitcoin #bloodinthestreetsisthetimetobuy
I added sound to this video for some humor value, the technical analysis is all legit, but the video wasn't getting views so I mixed in this hype music for fun.
Its so nice to see the downward track Bitcoin was in since peaking in December has finally been broken out of to the upside. Here I discuss the price chart showing the trough Bitcoin was stuck in and several times has been trying to break out of around $9000.
And where resistance areas would be as Bitcoin goes up in price based on the support levels and consolidation levels bitcoin price experienced on the way down.
Also is a reverse head and shoulders pattern right at the most recent price low, further suggesting the trend has reversed.
Its hard not to be so inspired by Bitcoin, errr um obsessed with Bitcoin?....But in a healthy way right? ;)
This is not financial advice, and none of my videos are financial advice, I just really like Bitcoin and the Bitcoin community.
Calling a bottom is extremely difficult and this is not financial advice in any way. I'm just an enthusiast and I enjoy making these videos, and even enjoy the process of the learning curve to make videos. Bitcoin, crpyto and investing in general is something I'm interested in and I genuinely enjoy documenting my experience with Bitcoin.