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Crypto 

By: Decomposed in 6TH POPE | Recommend this post (1)
Tue, 23 Nov 21 8:03 AM | 28 view(s)
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Msg. 26931 of 60008
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I don't know if anyone here is interested in buying crypto, but I'm going to do so soon. My reasoning is that I should have bought it a long time ago and didn't for a stupid reason: I didn't know how. Now I do and I see the buying opportunity that I want approaching.

Per the chart below, bitcoin is in a downtrend that SHOULD test support in the $50,000 to $42,000 range (circled in red). That's a pretty broad range but it's as specific as I can get. It's currently about $57,000 - down $10,000 from the recent and all-time $67,000 high shown on the chart.

I don't intend to buy bitcoin. It's ethereum I want. But bitcoin is a good proxy for the crypto sector and I'm using it to tell me WHEN to buy ethereum.

That's it. If you're interested in buying crypto, I suggest doing so in the coming weeks when you see bitcoin at or below $50,000. Of course, the test of support may fail and bitcoin could continue falling. ​That's the chance you take when you buy anything.
If it's a risk you lack the stomach for, I suggest you not buy or you buy less.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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