Bakkt Futures Launch is a Sell the news event. BTBearScenario
Lets put it at this
in mid 2017 the rumors of CME futures drove the price up
However when CME futures were confirmed late 2017
Price crashed
Now in 2019 Bakkt futures rumors drove the price up again
along with Chinese Plus Token Ponzi Scheme Participants
Now here at mid 2019 Bakkt futures now confirmed
Price Crashes?
Will it be different this time?
i doubt it
To me its all the same story happening in different times
Always buy the rumor sell the news
Also whenever Wallstreet tends to get involved those guys
usually love to short assets as most retailers only know how to buy
You know what they say if you can't beat them JOIN them
Short the ponzi
If you have a bearish bias then this chart is for you once 9k breaks
that pretty much confirms bear season with the 2019 rally seen as a wave failure (x)
introducing a future decline in another zigzag pattern to 2k levels
From a fundamental standpoint If you ask me $BTC has really no real use case adoption for now
it is merely used for pure gambling , running ponzi schemes and pedo endeavors
this is obvious as most of the trading volume comes from china
Chinese folks loveee to gamble ( i know this because im part chinese)
Imagine plus token ponzi scheme was able to raise billions of dollars in BTC and ETH
they were the ones who probably fueled the run up to 5 digits
and now that their in jail. So buying pressure from china is probably going to dry up
Americans won't be crazy buying these prices as most of them are in heavy debt already(student loans , car loans , credit card loans, mortgage etc)
Prepare for the worst full confirmation of this scenario is a breakdown below the red level (mid 4ks)
Keep this in your head
in mid 2017 the rumors of CME futures drove the price up
However when CME futures were confirmed late 2017
Price crashed
Now in 2019 Bakkt futures rumors drove the price up again
along with Chinese Plus Token Ponzi Scheme Participants
Now here at mid 2019 Bakkt futures now confirmed
Price Crashes?
Will it be different this time?
i doubt it
To me its all the same story happening in different times
Always buy the rumor sell the news
Also whenever Wallstreet tends to get involved those guys
usually love to short assets as most retailers only know how to buy
You know what they say if you can't beat them JOIN them
Short the ponzi
If you have a bearish bias then this chart is for you once 9k breaks
that pretty much confirms bear season with the 2019 rally seen as a wave failure (x)
introducing a future decline in another zigzag pattern to 2k levels
From a fundamental standpoint If you ask me $BTC has really no real use case adoption for now
it is merely used for pure gambling , running ponzi schemes and pedo endeavors
this is obvious as most of the trading volume comes from china
Chinese folks loveee to gamble ( i know this because im part chinese)
Imagine plus token ponzi scheme was able to raise billions of dollars in BTC and ETH
they were the ones who probably fueled the run up to 5 digits
and now that their in jail. So buying pressure from china is probably going to dry up
Americans won't be crazy buying these prices as most of them are in heavy debt already(student loans , car loans , credit card loans, mortgage etc)
Prepare for the worst full confirmation of this scenario is a breakdown below the red level (mid 4ks)
Keep this in your head
Trade active:
We are morphing into a bearish pennant to finish off this (R) SH
altho if we break above 10850 then we will be complicating in a bigger triangle
this is looking similar to 6k meme bottom before the big rug pull
net short and chill fo $$$$ freedom
altho if we break above 10850 then we will be complicating in a bigger triangle
this is looking similar to 6k meme bottom before the big rug pull
net short and chill fo $$$$ freedom
Comment:
Check this inverted chart for BTC
price approaching at the apex of this pennant
Also most altcoins are painting the same pattern
targets for shorts 8500-8155
Lets GO!
price approaching at the apex of this pennant
Also most altcoins are painting the same pattern
targets for shorts 8500-8155
Lets GO!
Comment:
Big Move coming for the PONZI
Bearish Pennant coming to its apex. RUG pull can happen anytime this week!
Bearish Pennant coming to its apex. RUG pull can happen anytime this week!
Comment:
RIP BULLS
Dumpage ensues
Dumpage ensues
this price point here isn't too bad to start scaling out your positions or building a short
Invalidation : break above 12k