BTC All Time High February 2012 - Why NO Double Top
Why i dont see BTC to Crash soon
Some of the Traders see a BTC double Top which would lead to a blow off and Crash.
So lets try to disprove this view:
- Chart Formation: I can find this type of Pattern only in Uptrends. Some think it is a double top but in fact its an ascending consolidation of which the 2nd top is higher.
- BTC Price overheated: In fact it is a little bit. But sideway untill february would be enough to countinue.
- Support: It looks like previous (2017/18) ATH is support now.
- Institutional Money inflow: Institutions invest with a larger Timeframe - they will not sell off 6mt after buy. Like Micro Strategy bought at 19k - dont think they buy the top
- Inflation: Inflation not kicks in yet because the Money flows into Wall Street. After Shares get unprofitable it will flow to BTC
- Maturity: We are in 2020 ant the market has grown up. Adoption kicks in while crisis also does.
Some of the Traders see a BTC double Top which would lead to a blow off and Crash.
So lets try to disprove this view:
- Chart Formation: I can find this type of Pattern only in Uptrends. Some think it is a double top but in fact its an ascending consolidation of which the 2nd top is higher.
- BTC Price overheated: In fact it is a little bit. But sideway untill february would be enough to countinue.
- Support: It looks like previous (2017/18) ATH is support now.
- Institutional Money inflow: Institutions invest with a larger Timeframe - they will not sell off 6mt after buy. Like Micro Strategy bought at 19k - dont think they buy the top
- Inflation: Inflation not kicks in yet because the Money flows into Wall Street. After Shares get unprofitable it will flow to BTC
- Maturity: We are in 2020 ant the market has grown up. Adoption kicks in while crisis also does.
Trade active:
OMG this was fast.
Target reached well :D
Target reached well :D
Trade closed: stop reached
And of course i meant YR 2021