Regular 20% Bull Market drawdown...
Updated
Traders I know this last move was a surprise to all of us but we need to remember that historically this is normal and very mild. In the last bull market BTC had over 7 20 % or larger drawdowns. Its imperative that markets have shakeouts to reset funding in order to climb to new highs. I posted about 12 hours before the big move down that I felt strongly that money would be moving away from alts and into BTC. Looking at my screens tonight the only thing green is BTC.D. In addition we haven't had 5 down days (red daily bars) since November. I'm calling a surprise move to the upside starting tonight thru tomorrow that catches many off guard. Look for shorts to be liquidated and BTC to be back above 58k climbing back into channel. So many on trading view are calling this middle zone and a horrible entry. Again markets move in the way that frustrates the most people. Now too many are wanting to buy back in near 50k and some even saying 45k. The SHARK is calling for a surprise upside move tonight and tomorrow. Find someone else on this site bold enough to make straight forward predictions publicly when the odds are totally against him. You heard it here first. Follow the SHARK and make money.
BRONSON-TheSHARK
BRONSON-TheSHARK
Note
Well we got our move. Push play and watch the chart play out. Look for follow to continue thru 58k. I own that I have been wrong on the BTC.D. It sure appears money is pouring more into ETH and DEFI at the moment. I share my thoughts as I see them and take accountability when wrong. I hope my insights help you see another perspective and ask questions. Never follow the crowd. Shark will be here to show you the way.Note
There isn't a single bullish thing about this tape right here. Nothing. In fact all the technical indicators are pointing to much lower prices. This last bearish engulfing candle seems to be the final straw on more downward movement. SO WHY is the SHARK still long Bitcoin here? Is he crazy? has he lost his mind? He must have a huge bag and is trying to convince people? ;) None of these. Shark is long Bitcoin because it's the next surprise move and will catch the most people off guard. Patience and some time you will see SHARK knows. Have a great night. I'll answer as many questions as I can later tonight from some of your Direct messages.
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