MikeMM

MikeMM Updated 

We need to chill the fuck out. Sideways for a long duration, and down eventually. Chart says it all. This channel seems very relevant, rsi near peak like past (pink verticle line). WHile DXY goes rangebound sideways with lack of upward momentum we would effectively call this distribution, which money is moving back into assets. Assets should be forming bases...

MikeMM Updated 

I think this is going to b e a good year, the chart is showing me distinct head and shoulders reversal pattern up. This would be what a "SOFT" landing looks like IMO. A hard landing would be more of a V shape rather than a head and shoulder.

MikeMM

If we have spent the past several months under accumulation, then I would expect a rally no less than 40,000. If the past several months has been re-distribution, I would suspect bitcoin is going to stop existing shortly after. Either way, interesting price action ahead!

MikeMM

That condition is the past year has been accumulation. If this is the case, i would expect a move to 3500-4000 area. Where we go from there is anywhere guess, that's too far in the future for me to think about for now.

MikeMM

There are roughly 45 million shares of coinbase sold short right now, average daily volume appears to be 300k shares. Good luck closing your shorts boys. Prisoner dilemma in effect. Shorts should all co-operate, but instead they will look out for their own best interest. the ones to close first will lose the least, and this will cascade into an epic squeeze. I...

MikeMM Updated 

If I Like what I see around that area I will be a buyer, We may overshoot that, in which case I will likely be taking a large position. It satisfies me to see tesla fall from grace. Tesla bulls had a smug look the past year as everything around them collapsed, and they thought it wouldn't happen to them. Your turn folks. I will be looking for these kids to...

MikeMM

I cannot ignore it. Falling wedge breakout into a smaller falling wedge breakout, at a historical support, with macd and rsi signaling upside on the weekly timeframe...

MikeMM Updated 

Coinbase is the most trusted and regulated crypto exchange that is publicly traded. Coinbase is The best way to get into Bitcoin and cryptocurrency. Bitcoin and crypto continue to gain adoption. As long as the above remain true, then I like this company. That being said, I will be trying to accumulate more shares. I like what the charts are telling me. Many...

MikeMM Updated 

Showing some interesting signs on the LMACD. Just adding to my bullish stance that we are in an accumulation.

MikeMM Updated 

At this point I am not certain if we are headed right to all time highs, but this bounce should be epic anyway. If you are not all in right now you're probably being fear mongered by every single influencer which is bearish. I've been through the cycles, I know how it goes. This will look something like an adam and eve bottom. Many indicators show we have...

MikeMM Updated 

This just makes me feel so good inside. Impulsive 5 wave to start the new bull IMO.

MikeMM

SOFT LANDING LIKELY ACCOMPLISHED. Michael Burry made a big mistake when he stuck to his bet. At first it was a great bet, but then it became consensus. Were not going down burry, you're a one hit wonder, hoping to prove you are not.

MikeMM

Long coinbase because it is outperforming bitcoin right now.

MikeMM

Dip below 3950 right now would invalidate. Looking to crush some shorts here.

MikeMM

Theres not much else to say, its pretty much a perfect fit.

MikeMM

genuinely curious... I have never been great with elliot waves and impulsive moves...

MikeMM

The implied move here is so large that I feel like a retard saying it out loud or posting it... I would expect at least a target of 500 dollars here. The retest of the breakout was literally perfect, draw it yourself.

MikeMM Updated 

That is all i keep hearing lately. I have one chart to answer all questions. This time is no different than last, Bitcoin has its dead cat bounce, alts hit ATHS then crash 90-98%