Hello everyone,
Looks like BTC is going in the direction I was sharing with you in my previous posts.
This is an interesting chart comparison from Mr Savvy.
I'm finding out is not going to play exactly as this comparison but is a major clue and guidance of what is about to happen.
If this plays a similar way we could touch $26k or $28k in the next weeks or so.
The Amazon chart from 2000 is a clear example of how emotions work and at the end of the day greed, today or yesterday has also fear and is expressed on the chart.
I included in my comparison the distance of the dump which is 45% and yes I said it is a DUMP, and you must open your eyes.
This dump is created by the large holders of btc, institutions are selling are staying in cash, or what you think the average Joe has the means to buy 1BTC right now? Institutions own thousands of BTC's and you need to sell tons of BTC to do this DUMP. Open your eyes, stay in cash for now.
Institutions and market makers control this market and they love it. They want to ride the bull again but under $5k as I told you in my previous posts.
Stay in cash, work, save money, don't get crazy, and buy BTC and not ALT's when the time comes... around July 2023 which will hit the deepest bottom "range". Be smart, think like an investor in the long round.
My posts are not for daily traders is for long-term views. However, if you want to play, wait for the next target around $28k, and do a long until $38k max and then come out bc will keep dropping.
If you own any other ALT, such as doge, sushi, xrp, litecoin, vet, vechain do a favor to yourself SELL RIGHT NOW, stay in cash... can you imagine what will happen to all those coins if BTC goes under $10k?
Yes, you got it right, they will disappear and probably some of them (who knows which one) will survive this apocalyptic bear market of BTC.
Truth is thousands of projects will be wiped out, and will be good because everyone will concentrate to invest on BTC and then just then we can see a BTC going from around $5k to $100k in a few years down the road.
PATIENCE. LEARN TO MAKE MONEY. THIS IS NOT A GAME TO BUY TODAY AND MAKE MONEY TOMORROW. IT DOESN'T WORK LIKE THAT, MAYBE ONCE IN A BLUE MOON BUT FOLLOW TO THE PROCESS.
THINK AND ACT AS A REAL INVESTOR. STAY IN CASH AND BUY WHEN EVERYBODY THINKS CRYPTO IS GONE FOREVER. WAIT FOR JULY - SEP 2023
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