Back To Basics Season 2, EP. 1 | Bitcoin Monthly

٩ سبتمبر

Previously on Back To Basics... Ok...
Let's skip the joke (Uhhhmm, Pphhmmm; Strange Michael Saylor breathing...)

Here we are looking at the monthly BTCUSD chart.
Last month we had the worst close of the year and below support (red line).
This month is the bearish continuation.

This month BTCUSD is trading below EMA8.

Ok, these are the basics.

The whole thing is bearish; it is going to crash; etc.

Now, people are wondering what they should do: Should I stay on the short waiting for the final crash or should I go to the Altcoins?

Let's try an analogy for this one.

Imagine you have two extremely beautiful women, they are both on different states. You are in New York, one is in Chicago and the other one is in California. They are both fine, both called and want to hang out on Saturday, you have to choose.

One is by herself and the other one is bringing a girl-friend... Get it?
The one bringing the friend represents the Altcoins right now (ALTS — BTC).

Telepathically I am asked, but what would you?
I would finish what I started. I would complete the cycle we started earlier this year.

Now, the downside has 20-30% potential short-term, in some extreme cases 40-60%.
The upside has 100-300% mid-term.

There is a catch. The initial reaction can be negative marketwide.
So you can make the change and end up losing all across...

This one is intended for experienced players.

I hope you are enjoying the content.

Thanks a lot for your continued support.

Namaskar.