The perma-bears will be in for a nasty surprise. Now lets go. Previously:
If you can ignore the intraday noise, the picture will be clear. 95%+ of the movement is made by algorithms(no real traders), designed to scare and confuse ppl. All you need to do is find the trend, put a big SL and enjoy your life. It will take time to convince the permabears. You are welcome.
These fractals seem to be still working. Its still early but the pump was good :) Watching closely for a triple bottom formation (extremely bullish), although i would say only 30% chances and 70% for continuation.
The bitcoin / usd shorts (in red) has become the real bubble and its becoming unstable. We are at a very important point. I prefer the green way, but the red one might be actually a bit more probable. The green one would be in line with Nasdaq bubble on ffw. On the other hand, i dont know about you, but i dont really feel comfortable holding ( or hodling if you...
If bulls dont defend these levels, we will see the sought after capitulations one of these days
We all base our future expectations on past price action. But you forget one important thing. Bitcoin attracted some really smart people, professional high speed traders. These guy are mostly BEARS. It will be a way more balanced price from now on. And once the parabolic magic thing is gone, so are the average investors. Look at the google trends: "bitcoin price"....
So, what next? Moon shot or negative moon? Gold might offer clues for bitcoin and bitcoin might offer clues for sp500
Get ready, baby. Get ready. The monster dump. Give it 2-8 weeks
Bad news or good news first? The good news is that we have a clear similar path to dotcom bubble. Bad news, we still need to go down for now. And now back to the good news. Look what came after :)
You are somewhere here. You are welcome. Mind the fact that the speed of the events is a few times faster and bitcoin looks way more bouncy and bulish. nasdaq Wave 1 was aprox -40% and took 60 days. Bitcoin was -45% and took 4-5 days roughly. Wave 2: Nasdaq:+43% in in 100 days. Bitcoin: +56% 16 days Wave 3 -66%, 210 days, btc: -60, 30 days. Wave 4 +42 in 85...
I think there is no surprise for anyone at this point. What goes up, must go down. The big reset. The time has come
if volume is with me, im going for it with a stop
i will proceed with caution and promisse everyone i wont get greedy as we are walking on thin ice. Wish me luck