ridethepig

ridethepig | The Capitulation

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
πŸ“Œ ridethepig | The Capitulation

Very little to update after a quiet European and NY play. Buyers are clearly in the superior position, as you all know, just a matter of time before we get the capitulation let now.

A very quick leg towards $57,000 is in play, we have the open ladder after clearing 161.8% extensions and our enemy is without a shield. This is getting embarrassing for sellers.



Depending on the decisiveness of the breakthrough in the swing, it can allow us to start moving our scope to six figures. Satoshi understood money over IP , he understood inelastic supply, he knew not to touch the wallet while outguessing the societal move towards a post trust world... a true genius. For those who haven't had the chance I would highly recommend digging into the old emails / forum posts.

Thanks as usual for keeping the feedback coming πŸ‘ or πŸ‘Ž
Comment:
Trade closed: target reached: and I will take that!
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Comments

Great analysis. I was bearish on BTC from $30k - $40k but not any more. I believe we're in the lower stages of a big bull run.
+3 Reply
BNuggins Clevortrevor
@Clevortrevor, 1000%
+2 Reply
One of the few traders I truly respect here. Great analysis and execution
Reply
Well thought out analysis. Thanks.
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Hi, I enjoy your analysis both in a technical aspect as well as the stories you tell. Thank you for sharing.
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50-60k or buy Dash and go from $260 to $5000, a coin that was #2 and will be #2 again.

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Good job mate, keep it coming
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