BitcoinLong
Bitcoin first pullback followed by another accumulation phase?
So I have been trading and tracking bitcoin amongst various things since 2017.
Of course the climate being at an all time high and the obvious trump movements with the imminent crypto legislation.
However something we more experienced folk have understood over time in this space whilst it is still maturing... when it is obvious a major capitulation event always happens, In a lot of cases due to open leverage positions surpassing sustainability.
This particular time frame in the economy, with the world economically on the brink of collapse, multiple wars now becoming more pressurized with morals and resistance from multiple countries. We could be set-up for a perfect black swanish capitulation event.
Pair this with the majority now focusing on the season of christmas, again expenditure and increasing of debt the world can not afford. My take on this season is we see sharp down turn.
Lower volume through xmas... however with the institutions able to increase their holdings while the world is not paying attention . this will give the following of events.
1 - We will see a dramatic increase in price
2 - followed by legislation and further speculation early jan with trump incoming
3 - We should see etf approvals = inflow of larger institutional funds
4 - This will allow price points which I can not predict for multiple reasons from tokens being burned per transaction, wallets being lost, also with strategical sell off from treasuries
This is the last opportunity for the average person to gain exposure before we take off.
Of course the climate being at an all time high and the obvious trump movements with the imminent crypto legislation.
However something we more experienced folk have understood over time in this space whilst it is still maturing... when it is obvious a major capitulation event always happens, In a lot of cases due to open leverage positions surpassing sustainability.
This particular time frame in the economy, with the world economically on the brink of collapse, multiple wars now becoming more pressurized with morals and resistance from multiple countries. We could be set-up for a perfect black swanish capitulation event.
Pair this with the majority now focusing on the season of christmas, again expenditure and increasing of debt the world can not afford. My take on this season is we see sharp down turn.
Lower volume through xmas... however with the institutions able to increase their holdings while the world is not paying attention . this will give the following of events.
1 - We will see a dramatic increase in price
2 - followed by legislation and further speculation early jan with trump incoming
3 - We should see etf approvals = inflow of larger institutional funds
4 - This will allow price points which I can not predict for multiple reasons from tokens being burned per transaction, wallets being lost, also with strategical sell off from treasuries
This is the last opportunity for the average person to gain exposure before we take off.
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