Short

Bitcoin may pass 33k.. but Whales Bears Ready to Dump Again

Updated

This is an emergency post
details if/when I have time

Note

32 Million dollars of BTC

Just got transferred to Coinbase....
Hold on to your hats.. folks, they dump when you least expect it

Note

The consensus I see from top analysts NOT on Tradingview..

Bears will try to bring us down to 25k
Can't say it will be in one painful shove or a slower grind down.

If we hold a range between 24k and 27k for a few weeks, alt coins should run.

Your strategy should be adjusted to this kind of thinking:
BEAR MARKET PLAYS AND STRATEGIES

Yes, we are still in a bull market, but bears are now in control.
This is called a bear trend within a bull market.

Any authors on here bragging new all time highs or crazy uptrends IN THE SHORT TERM should be taken with a grain of salt.

Note

More whales sighted parking coins on exchanges since my last post

This is going to be a big drop...

Note

The big drop started yesterday

and then the bears did not bring out the big guns. I was surprised.

Instead prices went up and ETH made big gains. So did ADA .
Right now all is calm, but volatility will resume soon.

Not sure if we are headed up or down.
If we cross some trend lines upward, big rise

We all already know what down will bring.

Note

This symmetrical triangle could mean large move up or down.

Regardless, Sunday night is usually when Korean whales sell. I would lean slightly toward down trend, but the price has been surprising the last 24 hours.

Note

before and after

It always surprises me when price follows the silly lines I draw

Note

This is a bull flag

The price can go up and down in the flag area... for hours... even a day
Good chance we go higher.. and still no signs of ANY whales on the exchanges
But the hurdle above 34k is super tough

TradeClass

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