Hello everybody,
I hope you got a nice day =)
BTC got rejected just above EMA 21 & EMA 55 on the daylie and 4 hour.
Once again the manipulation or "Forces of the free market" if you will. Made a WORLD CLASS fake move to the upside as BTC just have done like 3-4 times the last around 1 month.
Those who thought we were going to 50k..or 20k got big time dissapointed and with good reason. We all got our hopes crushed. Us who changed side because the odds clearly is to the down side in reality. Judging by the chart and the FUNDAMENTALS not effecting BTC as they should. The FED money printing is stronger the whales belief in cryptocurrencies I guess ( the chart says so ). Crypto by the chart is just easy money from the retailers.
Enough side talk about broken things in this world.
Back to the chart.
BTC dumped/fake move as I had predicted. Just a bigger/more perfect fake than I had thought possible at this stage ( proving how easily they can pump BTC when the buyers are down to like 0 lol)
What more to say? BTC is going down, and this should logically be the nail in coffin and BTC be going down to below 900 levels and by history then down to 5000, 4000, 3000, and likely this time even lower ( logic ). But also highly possible that btc finds support at the 2017/2018 bottom 3000-4000 usd.
And we are going to see continued fake moves all the time until we see the usual -30% dump in one day and the likes.
But be prepared for a long bear market. 1-2 years. The FED won back the trust of the market owners ( they OWN the market, not just move it, in reality) so the market owners will continue being in fiat/gold and just pymp/dump crypto untill some day printing more fiat wont make the billionares sleep well anymore and they go all in on crypto ( slowly pyramiding in/acclimating over years most likely ). In maybe 10 years. And remember, the price can stay at 5k or whatever price while retailer sell and the billionares buy and the price stay the same. Nobody would notice how the everyday joe who got rekt from 14k to 5k sold his crypto to a billionare. Nobody would know. Crypto is pretty anonymous you know. So price dont have to move at all for institutions and billionares to enter in a serious way. The billionares and 100+ millionares have already been accumulating/pyramiding in since 2015 we know for a fact - if not even earlier.
BTC dont got for 1 dollar to 2000-3000 in 2017 without some big whales buying it big time. The retailers mostly sold at 10x max lol if not at 25%, 50%, 1x profit years back lol. - Sold to the whales.
Remember, in investing you got 2 types of whales, #1 the long term hodler investor, #2 the pro trader who moves markets with his 100+ million portfolio. Crypto krown taks about people on wall street with 250 - 500 million dollars they trade with. Not a found/institution. Single persons. Scaling in and scaling out aka pyramiding is normal for the market movers. They are so big that they could pump btc 15% in one day ( as seen several times before ) but they cant dump and pump btc 15% every day so they have to scale in and out. Scale in = crypto bottoms, scale out = crypto tops. Scaling in/out got many names. It is the thing when you buy over days or weeks and sell over days and weeks to get a nice average buy price & not to dump & pump the price too hard if your a whale. ( a whale most of the time wants to be invisible, just like real whales, they are under the water, invisible to the naked eye)
This was my thoughts for today everybody!
A deeper lesson in how whales work, think, strategies, and types of whales.
"Know your enemy in and out and you already won the battle before it begun"
- I got a talent for thinking like other people. I can think like any type of person in the world. I can take on the same "hat" as them so to say.
And again because I got ADD/Autism I got several rare abilities that you wont find in normal people. I see the small things that the 99% oversee. And then can realize the truth about things nobody else had spotted/discovered. ( finding the missing pieces to the puzzle and thereby the answer that nobody knows about but stare into the answer every day without spotting it) :)
Have a lovely day everybody, and remember - it never pays to be bad/evil. Be good, it pays big time! ( long term )
Best regards
Confucius-The-Great