this is Speculation Utter not Accusation.
this is Disclaimer Replete any Assertion.
this is Analysis of Events as Causation.
Bitmain was Born with Bitcoin , it thrived in the Bubble.
Bitmain has Lost much Money, it conspired in some Rubble.
Bitmain has Lost its very Head, it has acquired Trouble.
the Board is moving People and Powers.
the Board is closing Mines and Miners.
the Board is losing Faith and Followers.
it was to be the Apple of all Crypto.
it was to be the I P O of the Decade.
it was to be the King of all Kings.
Jihan was the Man, the man with the Plan.
Jihan met , other man with other Plan.
Jihan bet BCH, other coin with new Plan.
Jihan lost his Job, lost his Bet.
now they say Bitmain has much Debt.
now they say Bitmain cant pay Bills .
now they say Bitmain might not .
the Bomb was surely Inevitable.
the Bomb hit during Unstable.
the Bomb will be Memorable.
so some Investors pulled their Fare.
so some Traders pulled their Hair.
so some Brokers pulled their Tear.
the News made the Impulse.
the Splash made the Ripples.
the Time made the Waves.
we can see the 123 and 4
we can expect soon the 5
we have a Last Line of Hope.
but we need a New Reason for Return.
cuz we know Those Bulls cant Return.
thus we wait the Return of the King.
Long Live the King
every Move is born with an Impulse, like a Pebble into water.
every Pebble bears its own Ripples, guided by a Golden Ratio.
every Ripple behaves like the one previous, setting the Pulse.
each Line adds to Gravity .
each Line must be Tested.
each Line has some Aspect.
2 line conjunction is Dependable.
3 line conjunction is Respectable.
4 line conjunction is Worshipable.
every Asset Class behaves this way.
every Time Frame shows these ripples.
every Brain Chord vibrates the same.
He who Understands will be Humble.
He who Embraces will observe Order.
He who Ignores will behold only Chaos.
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New fib points to 3450-70 zone
LIft a bit before Wheels on Ground.
Bulls were able to hold the 4.0 extension, and thus force the completion of wave 5 Now comes the critical juncture, as we have bounced to the the previous wave 4 zone and 2.618 of down move, the common retrace. Bulls need to push past the 2.618 asap to confirm this bounce is not just a correction but resumption of local uptrend.
the Trading View is my Nation.
the Moderator Tag is my Flag.