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evillz
May 12, 2020 1:55 PM

2020 Bitcoin Halving Analysis Short

Bitcoin / United States DollarCoinbase

Description

1.Two billion Tether printed resulted in the parabolic run in January 2019. This resulted in over 250% increase in price of Bitcoin. This was followed by a gradual dump.
2. Bitcoin halving was priced in June 2019.
3. Another round of 500 million Tether printed resulted in another pump.
4.The big crash of more than 50% occurred in March alongside the stock market crash.
5. Another record 2 billion Tether printed in such a short period of time prevented a further crash and resulted in another pump but was much less than 2019's.
6. The expected dump was a couple of days before halving.
Looking forward:
1. Bitcoin has not closed above 10.8K on the monthly since Dec 2017, it's ATH. So I will not be bullish again till it does. But that does not mean I will not continue trading the pumps and dumps of this highly manipulated speculative asset.
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