Hi Guys,
I have seen this type of situation and pre-warned back in December. (Post is directly below). Where we identified the momentum is changing and it's best to enter in long. Since then Bitcoin went to climb up to 50% of it's value. I see a similar repeat this time as we approach the Halvening event on May the 20th. The first time in history Bitcoins inflation rate will be lower then all FIAT currencies.
It looks like we are printing elements of the Wyckoff-Accumulation-Schematic-#2, which is also directly below. This highlights the human behaviour through stages of momentum change - in which we will look to seek new highs and trap bears.
I believe this is the case hence the exponential decrease in new local lows. Additionally, if we look at this bullish fractal being created on the weekly - we should see further upside as the weekly closes.
Also if we look at the higher-time frames, an inverse Head & Shoulder's pattern is being printed, with a higher local high which shows we are poised for more upside to complete the pattern.
Therefore I am utilising the on-going propaganda today with regards to coronavirus to purchase Bitcoin on the cheap as I see we are heavily poised with more upside on the run up until the halvening.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
I have seen this type of situation and pre-warned back in December. (Post is directly below). Where we identified the momentum is changing and it's best to enter in long. Since then Bitcoin went to climb up to 50% of it's value. I see a similar repeat this time as we approach the Halvening event on May the 20th. The first time in history Bitcoins inflation rate will be lower then all FIAT currencies.
It looks like we are printing elements of the Wyckoff-Accumulation-Schematic-#2, which is also directly below. This highlights the human behaviour through stages of momentum change - in which we will look to seek new highs and trap bears.
I believe this is the case hence the exponential decrease in new local lows. Additionally, if we look at this bullish fractal being created on the weekly - we should see further upside as the weekly closes.
Also if we look at the higher-time frames, an inverse Head & Shoulder's pattern is being printed, with a higher local high which shows we are poised for more upside to complete the pattern.
Therefore I am utilising the on-going propaganda today with regards to coronavirus to purchase Bitcoin on the cheap as I see we are heavily poised with more upside on the run up until the halvening.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
Comment:
Playing along nicely :)
