The Most Bullish Chart You Will See All Year!

lol JK

Senor Ponzo AKA El Ponzo AKA El senor AKA Bitconnnneccct AKA beetcoin is having a bad year.


Please click below link for a more indepth look at the situation...

www.youtube.com/watch?v=BBJa32lC...


:)

P.S. Don't be mad just having a little fun to break up the boredom

Comment:

Guys, I just want to say I am bearish as we all know and this chart is actually pretty accurate I mean you can't really argue with the fact we have broken down from a giant triangle. Now, the only bull argument I can see is the fact that volume has been drastically declining during this move which could mean a spike is on the way, bulls would argue that we are clearly printing a bull flag and moon shot is imminent...I could get behind this if we had not broken down from the triangle, tested it as resistance and got rejected. Also I think this upcoming ETF thing, if approved, will lead to a massive fomo spike that could carry us as high as 7200-7500 however I dont think we will go much higher than that because the reality is that there is a ton of resistance above us...if we were to spike above 10k on substantial volume and then pull back and find 10k as support then I would 100 percent change my tune and probably jump on the bull wagon...that is alot of "ifs" though and it all starts with ETF approval which I do not think will happen. There is still WAY too much fraud and manipulation in the space as well as the massive uncertainties associated with tether. Really I think that until we get some kind of official audit by a real regulator of tether or until tether finally fails the space will simply remain to dangerous for any real money to enter. Also, right now the spot market is extremely low liquidity with a small group of manipulators able to bart the price one way or the other at will followed by zero organic or retail follow through, this is another extremely bearish sign in my opinion simply because there is no organic demand lol that is a pretty fundamental problem, that people only really care about crypto (and when I say people I mean average mainstream mom and pop types) when the price is going up, why? because they want easy money lol they want to buy cheap and sell it later at a higher price. Anyways, that is kind of my disjointed effort at a lazy Saturday look at our situation. All the best,

Red Boar

Comment:

The entire point of this update was to apologize for trolling you all last night lol but it evolved into that lengthy post you see above, but I am sorry for trolling I was just in a manic mood lol. :)

Comment:

I just want to thank everyone for having fun with this post and all the comments! You guys helped make this weekend fun even though we are in a boring sideways market! Love it!

Comment:

Saw this chart and it just popped out at me! It's like we have a roadmap for the future of Bitcoin! how awesome :)

Comment:

Senor Ponzo reporting for duty...Sir!

:)