Crypto is an experiment. A new way for illegal payments to be more accessible to the masses.
Decentralization is a fancy way of saying that Bitcoin is digital black money. Black is the color banks are allergic to.
Is Bitcoin strong enough to battle against Banks?
To follow its paradigm, 23 thousand more coins have been opportunistically created. Each one of them attempts to get a piece of the black market pie.
There is no law that forces Bitcoin to be an ever-growing commodity. There is no law that forces it to go to waste. The only law behind it is supply and demand. And if you have been paying attention, we haven't had much supply up here...
If you want this coin to grow further, you must see where the majority of buyers are at. In this case, the buyers are quite lower. Now we are in a zone where the excitement of a Bitcoin ETF is clouding your judgement. If you clear your mind, you will realize that we are in the same story over and over again. An eternal attempt to trap buyers and sellers in the wrong place.
The main chart calculates an extremely simple quantity: How much more expensive is the next contract than the current one? This is one of the ways to calculate bullishness/bearishness in market. Now it is in an all-time high. In similar levels to March of 2021. And boy this is bad news.
Notice a similarity???
Let me explain further...
No words need be spoken. A classic redistribution pattern appears in both cases. And the pattern is eerily similar.
In the end, it is déjà vu.
Further analysis:
Human psychology is independent of instrument or timeframe.
Déjà vu, over and over and over again...
Bitcoin may be Silicon Valley's Lab Rat. Don't be Bitcoin's Lab Rat.
A serious trader must be neither excited nor fearful.
Tread lightly, for this is hallowed ground.
-Father Grigori
Decentralization is a fancy way of saying that Bitcoin is digital black money. Black is the color banks are allergic to.
Is Bitcoin strong enough to battle against Banks?
To follow its paradigm, 23 thousand more coins have been opportunistically created. Each one of them attempts to get a piece of the black market pie.
There is no law that forces Bitcoin to be an ever-growing commodity. There is no law that forces it to go to waste. The only law behind it is supply and demand. And if you have been paying attention, we haven't had much supply up here...
If you want this coin to grow further, you must see where the majority of buyers are at. In this case, the buyers are quite lower. Now we are in a zone where the excitement of a Bitcoin ETF is clouding your judgement. If you clear your mind, you will realize that we are in the same story over and over again. An eternal attempt to trap buyers and sellers in the wrong place.
The main chart calculates an extremely simple quantity: How much more expensive is the next contract than the current one? This is one of the ways to calculate bullishness/bearishness in market. Now it is in an all-time high. In similar levels to March of 2021. And boy this is bad news.
Notice a similarity???
Let me explain further...
In the end, it is déjà vu.
Further analysis:
Déjà vu, over and over and over again...
Bitcoin may be Silicon Valley's Lab Rat. Don't be Bitcoin's Lab Rat.
A serious trader must be neither excited nor fearful.
Tread lightly, for this is hallowed ground.
-Father Grigori
Comment:
The right road is the lonely road.
"Thank you" for the hate comments.
I don't change my opinion about what I said.
Either deal with it or leave :)
"Thank you" for the hate comments.
I don't change my opinion about what I said.
Either deal with it or leave :)
Comment:
Ask yourself, what is more demanding? Bitcoin or Dollars?
If you make a good profit off of Bitcoin, chances are you will convert to USD or some crypto form of it. With an increasing cost of survival, the time will come when you will be forced out of crypto and into food.
If you make a good profit off of Bitcoin, chances are you will convert to USD or some crypto form of it. With an increasing cost of survival, the time will come when you will be forced out of crypto and into food.
Comment:
I can't wait for your comments calling out this chart as wrong.
Comment:
If Bitcoin is like Gold, it is bad news for its price...
That's some serious divergence right there mate...
There is the recent small one, and there is a MASSIVE one from 1980 to 2015
That's some serious divergence right there mate...
Comment:
SMA is better than EMA. Change my mind.
Comment:
Truth is hard to listen to. No wonder people hate what I stand for.
Comment:
Beware of the post-halving mini-crash
This will certainly be a massive liquidation bull trap.
Comment:
When I said it, it was fake. When they said it, they were right.
Comment:
Incredible.
Comment:
I love the recent Bitcoin Euphoria.
The bait has been eaten successfully.
This euphoria is like the downgrade from IV's Euphoria to V's Euphoria.
Imagine how bad VI's will be...
This euphoria is like the downgrade from IV's Euphoria to V's Euphoria.
Imagine how bad VI's will be...
Comment:
There are two types of FOMO.
A rapidly-growing security is doomed as bearish from those who never bought it when they should have.
A rapidly-growing security is praised as bullish from those who never bought it when they should have.
Most are in either one of these states, the perma-hating state of FOMO.
A rapidly-growing security is doomed as bearish from those who never bought it when they should have.
A rapidly-growing security is praised as bullish from those who never bought it when they should have.
Most are in either one of these states, the perma-hating state of FOMO.
Any piece of news or rumor can be a driving force for an euphoric bull market.