It has been some time since I talk about BTC.
Just now, I saw an expert talk about how it is rising further. It is said it is now in consolidation + shakeout before being predicted to go to 110k.
My humble OPINION is that it will NOT move up much more. Previously, when I anticipated it to go to $108k, which it did, that is the LONG TERM 'D'. Long term meaning it takes a long time for consolidation before price can move up. We are talking about months, not days or weeks.
What these 'expert' is trying to get you to do is to be greedy + FOMO and do the stupidest thing which is to BUY when price is HIGH!!!
To BUY now when price is high is nothing short of STUPIDITY.
To BUY when price is at the long term 'D' is also nothing short of STUPIDITY.
Know that the opposite of CONSOLIDATION is known as DISTRIBUTION, hints of which is already appearing - if you know where to look.
If we look at the chart, price is now hovering at the 'C' - NOT a good sign for the BULL.
If we look at the chart, recent price STRUCTURE is NOT looking good for a price to move UP. However you look at it, do you see an A-B-C-D structure pointing UPWARDS?
Know that based on the structure, SELL now with SL just above 'B'.
Good luck.
Just now, I saw an expert talk about how it is rising further. It is said it is now in consolidation + shakeout before being predicted to go to 110k.
My humble OPINION is that it will NOT move up much more. Previously, when I anticipated it to go to $108k, which it did, that is the LONG TERM 'D'. Long term meaning it takes a long time for consolidation before price can move up. We are talking about months, not days or weeks.
What these 'expert' is trying to get you to do is to be greedy + FOMO and do the stupidest thing which is to BUY when price is HIGH!!!
To BUY now when price is high is nothing short of STUPIDITY.
To BUY when price is at the long term 'D' is also nothing short of STUPIDITY.
Know that the opposite of CONSOLIDATION is known as DISTRIBUTION, hints of which is already appearing - if you know where to look.
If we look at the chart, price is now hovering at the 'C' - NOT a good sign for the BULL.
If we look at the chart, recent price STRUCTURE is NOT looking good for a price to move UP. However you look at it, do you see an A-B-C-D structure pointing UPWARDS?
Know that based on the structure, SELL now with SL just above 'B'.
Good luck.
Note
Long live the 'D'I hope none of you did the FOOLISH things to BUY.
The price is now hanging at the 'A', which is very dangerous for buyers if it falls below.
Good luck.
Note
There she goes .............Note
Long LIVE Bitcoin .............. hahaha
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.