Coin to 44 maybe 38
Okay congrats, this is the one wave I didn't ride up, and I am slightly tilted because i saw it coming at 50 bucks in one of my prior posts.
that being said, this is peak euphoria, and if its turning back, now is the literal final reversal point.
if we break through here, then its straight up headed for 200+
I don't think were going for a 200+ yet, so I have to draw the conclusion were going to FINALLY have a backrest of the spring.
The news cycle was absolutely awful at the bottom, and it will be absolutely amazing at the top.
every major asset manager in the world choosing coinbase as partner for etf seems like peak news. SEC still views coinbase as an illegal bucket shop. I am VERY skeptical that any of these ETF will pass. and if not, then watch out below.
I am under the impression there will be years, or at best months more of consolidation due to legal problems, which i do think coin has a good chance of winning.
that being said, this is peak euphoria, and if its turning back, now is the literal final reversal point.
if we break through here, then its straight up headed for 200+
I don't think were going for a 200+ yet, so I have to draw the conclusion were going to FINALLY have a backrest of the spring.
The news cycle was absolutely awful at the bottom, and it will be absolutely amazing at the top.
every major asset manager in the world choosing coinbase as partner for etf seems like peak news. SEC still views coinbase as an illegal bucket shop. I am VERY skeptical that any of these ETF will pass. and if not, then watch out below.
I am under the impression there will be years, or at best months more of consolidation due to legal problems, which i do think coin has a good chance of winning.
Note
Another reason I do not believe its headed for 200 yet is because there's too many retail still holding onto hope. Need to wash them out.
Note
I find it probable that bitcoin moves one more leg up, it would make sense now.Coinbase reaction will be telling.
Note
just lower highs, suckers get drawn in at the top. It is not a fair world, They're always trying to take your money.Note
Guys its over. Larry Fink arrives on TV to try and pump crypto and instead it goes down.what is left? there's nothing left? there's no1 left.
smart money will consider buying lower, but there's nobody left wo wants your pre pumped garbage.
Note
Even the bullish scenario would be something like this. what smart money would buy something up over 70% in a few days, which has not corrected at all?
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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.