Hard to believe that I'm creating another post following this trend, but atlas, here we are ;)
Significant Bitcoin mentions since last post - i) Bitcoin hit 1 Trillion market cap (Bet it gets to 2T quicker than APPL did). ii) TSLA converted 1.5 billion USD to Bitcoin @ ~30k iii) Microstrat conference has literally gone viral in the world of suits, they have even "open sourced" their play book for any company looking to dive in to the world as they have (microstrategy.com/en/bitcoin/videos/bitcoin-corporate-playbook). iv) Canada launched their first Bitcoin ETF that on debut crushed all expectations with about 165M Cad exchanged on the first day (nasdaq.com/articles/canadas-first-bitcoin-etf-debuts-to-heavy-volume-2021-02-19) v) Rumors of MS being the underwriter for a USA based Bitcoin ETF NYDIG (bitcoinmagazine.com/articles/nydig-files-for-bitcoin-etf-approval) vi) Public Bitcoin mining stonks are MEWNING (Riot, Mara, HUTMF, ARK, CAN to name a few) these are seen as save plays in to Bitcoin for those waiting on ETFs. Also, great for the Bitcoin network diversifying global mining operations away from China.
Significant Macro observations since last post - 1) Fomo bad retail trading is accelerating and reaching levels we have never seen in legacy market. But this also leads to more individuals learning about markets and prospects to alternatives. 2) Stimulus / money injections show no sign of stopping, surprise inflation numbers should be no surprise 3) Bitcoin has yet to go mainstream fomo, people are more whiling to jump in to GME, AMC, Doge, etc things they know nothing about but heard it pumped on every media outlet/morning talk show. This tide is going to change very quickly.
Monday (2/22/21) the SEC case against XRP begins, I'm assuming this will lead to some weird black swan type even where we see Bitcoin pullback to around 46k area and quickly recovering, we will then range and consolidate as we build the ship to take us to 100k. With everything mentioned above, maybe we wont see a pullback, buuuuuuut generally we need a shakeout before we're going to move in any significant way.
Always be stacking, don't get shook, don't go full retard. ~Cheers
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Thanks for playing!! Hope you got your profits/BTFD opportunity <3
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:)
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Bottom right now, stamp it. Or entire thing invalidated.
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This weekend is going to be a blockbuster, hope you got your longs and popcorn ready :)
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Bull's' still wearing the pants ;) Amazing shakeouts, the stronk stack sats :)
I believe we have found bottom here, but there is still possibility for 42k. And if 42k would come and fail, well, we'll be looking for a new trend. Be safe fam!!~~
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I'm a noob :X
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we may have to refuel the rocket which could be a great opportunity for some
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Finally, you know what to do!!! BTFD
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Hope you got the dip ;) Noticed this as well.
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This is the week of gentlemen, congrats if you made it this far :cheers:
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Perfect pullback so far, if we fail to hold tho trend be a new one. Easy setup here given so close to support. GL~
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Amazingly we're still holding that 46k marked out :*D This shit ain't easy to keep your faith here, but if it was easy, everyone would be doing it... Right???
Best of luck to us all :cheers: Still building longs, if you are too make sure you're not over leverage and using stops/hedges.
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Congrats to all of those with faith ~ I've extended the fibs so we can see the action a little better. I have also made this chart public for any that would like to play around with it. Just go to "share" and then "make it mine"
Unless some crazy unforeseen developments, I think I'm done updating this idea and will be looking to the next. We survived March and with monthly coming to a close in 9 hours, safe to say we're still bullin.