BlackRock is nowhere to be found... And I noticed that lately Michael Saylor hasn't been buying any Bitcoins. What to make of this information?
One way to look at the Bitcoin market from a rookie bullish perspective, is through the story that Bitcoin is strong and cannot move lower because (1) the Spot ETFs (aka. BlackRock) will buy everything and (2) Michael Saylor "bought Bitcoin."
This is a true story.
Bitcoin is still trading at $57,700.
Now, what if you are one of those Spot ETFs and MS Bought Bitcoin kind of person, how are you feeling now that these people are nowhere to be found? Does this lowers your confidence in Bitcoins ability to maintain its current price, or, are we still aiming for 100K next?
The correction is on! and has been ongoing for almost six months now. We are about to experience what traders call the final "leg down."
It is very intriguing, I can feel the suspense in the air... But we have bearish action, lower lows and normally, when you are about to experience a very strong rise everything is green, day after day. Right now I am only seeing red.
What do you make of the current situation?
Is Bitcoin going up or down?
Prepare for the crash.
We are trading the altcoins but remember, and this is very important, at first, everything can experience a very strong negative reaction but everything soon stabilises. The smaller ones will recover sooner, some will not even flinch. Others will grow... We looked at this many times through hundreds of charts.
The big ones, the giants, are going to crash together with Bitcoin. You already know about those.
The altcoins trading against Bitcoin, some are safe but prepare to hold strong for a few days.
The tether pairs are mixed. Each chart should be considered individually.
I am wishing you the best.
Once the correction is over, we will be sharing bullish charts, LONG, until late 2025.
It will be awesome.
I love you.
You are truly appreciated.
Thanks a lot for your amazing support.
I love life.
Namaste.