each dip in a bear market tends to get larger over time.
reason being:
>humans buy in thinking a bottom is created.
>bots drive the price goes lower.
>humans panic sell.
----
eventually, the larger players begin to sell off their balance sheets.
-btc miners capitulate below 17.6k, as it is not profitable for them to mine btc anymore.
-hash-rate declines at a very rapid pace.
-massive long positions begin getting liquidated.
-margin calls are created.
-media headlines say "bitcoin is done forever".
-retail loses all hope.
𝑜𝑛𝑙𝑦 𝑡ℎ𝑒𝑛,
𝑖𝑠 𝑎 𝑏𝑜𝑡𝑡𝑜𝑚 𝑐𝑟𝑒𝑎𝑡𝑒𝑑.
----
for now, while majority of the market remains hopeful - i will remain to be bearish.
once a majority of the market loses all hope, i will flip 100% bullish.
no offense to anyone, it's just part of my strategy.
----
downside target = $12,400.
✌
reason being:
>humans buy in thinking a bottom is created.
>bots drive the price goes lower.
>humans panic sell.
----
eventually, the larger players begin to sell off their balance sheets.
-btc miners capitulate below 17.6k, as it is not profitable for them to mine btc anymore.
-hash-rate declines at a very rapid pace.
-massive long positions begin getting liquidated.
-margin calls are created.
-media headlines say "bitcoin is done forever".
-retail loses all hope.
𝑜𝑛𝑙𝑦 𝑡ℎ𝑒𝑛,
𝑖𝑠 𝑎 𝑏𝑜𝑡𝑡𝑜𝑚 𝑐𝑟𝑒𝑎𝑡𝑒𝑑.
----
for now, while majority of the market remains hopeful - i will remain to be bearish.
once a majority of the market loses all hope, i will flip 100% bullish.
no offense to anyone, it's just part of my strategy.
----
downside target = $12,400.
✌
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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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.