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Buckle Up, We're Taking Off! Or Not? by erikah

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @erikah ·
$7.51
Buckle Up, We're Taking Off! Or Not?
Since the last crash, I've been watching the market, hoping to see the move I wanted. Analysts usually have two scenarios and it's a no brainer that one is up, the other is down. There is always an IF in the middle though. Support levels are crucial. 

<center>![image.png](https://images.hive.blog/DQmXMWGiHd3BT31dw7u6bsVXQUFb8quN82UnHhLKEtu2cNo/image.png)
[source](https://www.binance.com/en/trade/BTC_USDT?type=spot)</center>

Saturday morning it seemed like the bottom for now, but *seems* and *is* are two words with a totally different meaning, which in the crypto world could mean the difference between win and loss. Buying the right coins the wrong time could ruin you in minutes. 

One of the scenarios were if BTC loses the support level, we're going to the $20k region. Buying at $35k and landing at $20k means a 43%, which obviously no one wants. Stop loss can save you, but losing 5 - 10% each time you make the wrong call can also ruin you very fast. 

In one hour BTC jumped from around $36k to $37.3k. This is the move we've been waiting for, however, a retest is needed in order to be sue it's the right direction. 

<center>![image.png](https://images.hive.blog/DQmbSjMn7kzyzXtPuWmtbVYtfYqEHjFbEtrL1f4wi32Xyxb/image.png)
[source](https://twitter.com/elonmusk/status/1404132183254523905)</center>

The whole jump happened roughly one hour ago and in the same time, our friend Elon tweeted. 

I'm not a fan of conspiracy theories and don't really like to speculate, but it looks like the two events are connected. 

History has the habit of repeating itself and Elon is always Tweeting. While this is the move we've been waiting for, the reason why it happened should have been another. 

<center>![image.png](https://images.hive.blog/DQmUXqF25Ekn6BMH9w8fM5sozUNJ5XBnf7AZ4NQ8K9UAuHB/image.png)
[source](https://twitter.com/elonmusk/status/1404132183254523905)</center>

The whole thing looks like a cheap comedy and people are sick of it, including me, but there's little we can do about Elon and people unfortunately are easy to manipulate. Fear is a powerful tool and if you know how to use it, you may get somewhere. The only thing we can do here is play what we're given. 

After all the drama caused by the recent crashes a good period of green would be nice though. Going to bed knowing your portfolio is up 20% already and waking up seeing you've been stopped out is not what I'm looking for. 

So what do you think? Are we taking off now or this is a dead cat bounce? 

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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@erikah/buckle-up-we-re-taking-off-or-not)
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vote details (117)
@chekohler · 
LoL probably needs to unload about 10% so his going to give it another pump before the CCP tell him to FUD again
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@erikah · 
This is a never ending story. People should learn not to react like they do now. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@erikah/re-chekohler-57d2u1)
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@da-prince · 
Hahaha sorry all this seems like a drama to me, but Emperor delivered a nice reply and warning to Elon musk, he shouldn't be causing panic and Continue putting fear in people.
However concerning your entry, I guess you should watch well and study the market to know the effect of news on it.
Good luck.



---

<center><sub>Posted via [proofofbrain.io](https://www.proofofbrain.io/@da-prince/qunpu5)</sub></center>
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@erikah · 
>I guess you should watch well and study the market to know the effect of news on it.

What makes you think I'm going in blindly without knowing what I'm doing? 

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@hivebuzz · 
Congratulations @erikah! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@erikah/replies.png?202106131947"></td><td>You got more than 23500 replies.<br>Your next target is to reach 24000 replies.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@erikah) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>
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@jersteemit · 
Nice seeing some greens. I think we might be up for some nice ride to the top



---

<center><sub>Posted via [proofofbrain.io](https://www.proofofbrain.io/@jersteemit/qunpwd)</sub></center>
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@erikah · 
It sure looks like it. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@erikah/re-jersteemit-42dmuw)
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@toofasteddie · 
Emperor is a legend and a reference for all traders, his message to Elon is the perfect one
👍  , ,
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vote details (3)
@erikah · 
I totally agree with you!

!ENGAGE 20

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@misterengagement · 
<center>  Thank you for your engagement on this post, you have recieved <code>ENGAGE</code> tokens.</center>
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