BitcoinUpdated 8-10x are we?
Buyers below the dashed purple line could have taken 8-10x profit in the purple box, Buyers below the grey dashed line could have taken 8-10x profit in the grey box e.t.c.
Since there is massive volume between the white and red line, there might be a long and boring period of time in the blue box for this reason (if we reach it) - stability!
Those who bought above the red dashed line, might have to wait a long time for their 8-10x.
Nightcap time! Cheers!
Since there is massive volume between the white and red line, there might be a long and boring period of time in the blue box for this reason (if we reach it) - stability!
Those who bought above the red dashed line, might have to wait a long time for their 8-10x.
Nightcap time! Cheers!
Note
Just clarified with a new graphic. We are again entering the "massive volume" 8-10x area. I follow this with renewed interest.
Note
To my surprise, we've entered the purple 8-10x box (initial chart). Following the theme of this idea, any selling below current levels would suggest coins bought five years ago or more are being sold.
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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.