AUGUST' 20: Technical TOP, HODL, FIAT vs CRYPTO, Video included.

2 авг. 2020 г.

--Technical Top--
So is anyone actually surprised by this sudden sell off?
No, was it sudden - yes, which by the way is a good thing.

But if you look at the chart you would instantly see that we really just hit a previous Febuary High, before the Covid happened. Which is expected, and luckily it happened the way it did. A sudden droped triggered all kinds of stop losses, and also executed all of those limit bids that were waiting for some kind of panic sell that luckily did happened.

This is a perfect and amazing Dip to buy into. Those that panic sold or wanted to get out, well they are out, those that got a larger vision of the future. We going to stick around.

Which brings us to the next point.

--HODL--
First, if u saw the July report you knew that this is a BREAK out from the 3 year bear market!

There is no more trading from this point on. Hopefully, you bought in early July held your assets in majors and holding. Sure you can day trade it like a pro, and many people do - god bless. But in bull markets in general, the best strategy is being a Turtle.

Hold strategy and don't try to play the market, until u are ready to sell in a year or two years in the future. This is why we call these long positions, and a bull market. We are not talking about alts that love to pop 300% and dump 60% in few days.

Think for yourself, BTC went from 9k to 12k and now its 11k. So u really think that btc is going back lower? I mean, u think all of the sudden XRP rally from 17c to 33c just suddenly ended and we are dropping? Or Ether that went from 220 to 414 ?

Let me tell you a secret: BULL markets have violent drops - surprise! Please look at 2017, how many times did ETH and BTC droped on they way to 20k and 1.4k? Bull markets have violent drops, bear markets have violent rallies. That's the name of the game!

And 1 more point. Remember that time when XRP went from 26c to 75c in 3 days? Now that is a FOMO, what we got now, is just a steady accumulation! ETH traded in 300s for for few months and then continued its ascend right into 1k.

We are not even close to FOMO market, people think this is just another trap, except for some reason crypto will continue to be resilient and continue to ascend.

This gets us to the next topic

-- FIAT vs Crypto --
But just before i get to this topic, lets mention BEARS, seeing this epic drop, are drooling and pilling back in. Thinking this is it, this where the camel breaks and BTC drops lower, except they are going to be the vehicle that will fuel further price inflation. So bears please start opening up your wallets and begin shorting against the future of financial markets and see how u do in the long run.

Look pro bears will do amazing in this market, just like pro bulls did amazing during early bear markets. However, on long term those that held with the trend did just fine or better.

Back to FIAT, all governments are printing worthless paper that has no intrinsic value other than applied force to enforce compliance.

Just look at Russia's bill where u can trade it, store it, but can;t buy it anything with in the real world. What a joke, but not really, cause Putin knows, it is a direct threat to the rubble, but he can;t stop this, nor does he want to. So its a compromise until Russian central bank will create their own Digital Rubble, because its the future and he knows it.

People's confidence in paper money is shaken by Covid and endless printing. Anyone with half a brain can see that nothing good will come from this, and banks can;t raise interest anymore! They just can't. That is the truth, particularly the USA. So their solution will eventually be NEGATIVE interest rates. When that happens, Crypto not going to just explode to the moon, it will go to PLUTO!

So yeah, I ain't selling my CRYPTO to get dollars, when everyone dumped dollars to buy crypto, mkay? PPl hold assets that generate value and growth. Dollars in the banks do none of that, this is why Stonks are up and crypto is heading higher.

--VIDEO--
I will be including a follow up video explain the chart later today or Monday, so EVENTUALLY lol.

--Mention--
Guys, don't expect a lot of charts from me, unless something dramatic changes. HODL is not the reason to keep bashing and explaining the same thing as why thing will continue to go up. I am free to take requests, but honestly just be calm hold your profitable investments and i am certain the future will be bright.

__FRACTAL_DATES__
AUG: 3, 22, 30. SEP 13, 17. DEC 2

__REVIEW__
Well, i think the JULY was a hit don't you think? The issue with it was that mains woke in the late july rather than the early july, but i;ll take it. July 13 fractal was not a hit, that is a bit concerning.
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*LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support

Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.

~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/

Feel free to request: your coin to be analyzed!

Thank you,
_Ajion

--SPECIAL--
For those read this, Guys NXS/BTC be smart hodl at least 10k, thank me later.