BITCOIN - Elon: Buys - I Sell. Elon Sells - I Buy. Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ May 13, 2021 6:42 AM

For those that have already forgotten these important points here they are:

Sell the news.
Ignore the hype.
Do not follow the Crowd.

Who controls the media?

Do you trust those that control the media?

I touched on this stuff a little on the Q&A last night but here we are dealing with the same old story.

Be happy, enjoy the video.

If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?

Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.

Comments

UnknownUnicorn17255216

⋅ May 14, 2021 2:34 PM

I posted this already but looking at on chain data it appears MVRV, MVRV-Z, AND NUPL are at lowest levels for 2021. Transaction data suggests this recent action generated by short and medium HODL, not long term. I would guess if the recent supports around 47k with the obvious quick buy volumes hold, then we should enjoy a resumption of the bull cycle. I have done as you, buying when Elon was selling. Thanks for your work I always enjoy your analysis!

MW_98

⋅ May 13, 2021 12:27 PM

Elon SOLD 10k BTC before he tweeted. Someone just found the trail. Once media pick this up, I dont think the E at 43k and the 50cent of XLM can hold

AriasWave

⋅ May 13, 2021 1:51 PM

@MW_98, We will soon find out. I don't believe Elon has the ability to control BTC just like the FED cannot control the bond yield no matter how much fiat they stick into the bond market. Milton Friedman predicted all this would happen. It's starting to happen and this will go on forever, well, at least for our lifetime. Teach AriasWave to your kids, that's what I am going to do.

MartinSchnellmann

⋅ May 13, 2021 12:07 PM

Thanks man, yes Elon is a doll and narcissist,

MW_98

⋅ May 13, 2021 9:04 AM

By any chance, a quick update on global market? DOW and DXY. Are these two still aligning for the upcoming move along with Crypto? Since August is around the corner, very near

AriasWave

⋅ May 13, 2021 10:00 AM

@MW_98, Yes thanks for the suggestion I am looking at that now.