Saying what we are all thinking......
Well.....It's obvious at this point.
Bakkt friend buys future shorts
Whale friend dumps market
Bakkt friend pays back whale friend
Whale friend buys more BTC at lower price
Whale is also Miner so whale shutoff miners to drop the hashrate slowing the supply during high demand before the halving.
This is what's happening, if I'm wrong.....then.....based on the weekly chart we are below the 20 and are on our way to $6,000
If I'm right, then we're going to be back at $10,000 within 2 to 3 weeks
Bakkt friend buys future shorts
Whale friend dumps market
Bakkt friend pays back whale friend
Whale friend buys more BTC at lower price
Whale is also Miner so whale shutoff miners to drop the hashrate slowing the supply during high demand before the halving.
This is what's happening, if I'm wrong.....then.....based on the weekly chart we are below the 20 and are on our way to $6,000
If I'm right, then we're going to be back at $10,000 within 2 to 3 weeks
Note
As we can see the 200MA has in fact turned into resistance, expect sideways trading until after May 2020
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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.