NerubicaCrypto

#bitcoin - Stall on Weekly

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good morning everyone.
It´s been a while, sorry for that, but privately I am involved 24/7 thxn to the challenges that Covid-19 had for all of us.

Anyways, I feel it´s worth to make an Update on the weekl now, since we have reached not only a key-level, we
also slid into a typical stall. At the moment there is still room to the upper trendline, but 10k again turned out to be a rather tough nut.
Usually traders argue about how long a price can stay in stall without being too endangered for freefall, it really is not much missing to initiate a move.

The Yearly Pivot got picture perfectly retested, before the price moved up again and also overcame the long-term leadline again. That´s all
relatively bullish , not only because a sell-off after halving did not happen. On smaller timeframes we had a double-top danger, which did not came true and shorter´s
had a pretty rough time recently when they did not set tight targets.

Price movement always reminds me a bit of aviation, the way up is slow and needs a ton of energy to overcome nature´s laws & forces. The way down is immenent.
Wikipedia´s definition of "Stall (fluid dynamics)":

In fluid dynamics, a stall is a reduction in the lift coefficient generated by a foil as angle of attack increases. This occurs when the critical angle of attack of the foil is exceeded. The critical angle of attack is typically about 15 degrees, but it may vary significantly depending on the fluid, foil, and Reynolds number.
Stalls in fixed-wing flight are often experienced as a sudden reduction in lift as the pilot increases the wing's angle of attack and exceeds its critical angle of attack (which may be due to slowing down below stall speed in level flight). A stall does not mean that the engine(s) have stopped working, or that the aircraft has stopped moving.


Best wishes. Neru.

Comments

Hi Neru, thank you for your update. Nice to hear from you.
+1 Reply
Hey...its work out..
+1 Reply
Great key levels. This is how I'm looking at it

+1 Reply
It's great to have you back.

Thank you!
+1 Reply
Hello!
+1 Reply
BlackMEX BlackMEX
@BlackMEX, DUMP IT
+1 Reply
BlackMEX BlackMEX
@BlackMEX, #Bitcoin #BitcoinHalving2020 #cryptocurrency

So you thought the BITCOIN move was insane right?
and it would reflect the "Trip to Moon" episode.

Your favorite crypto pumper told your this that $BTC was Super Bullish?

I just want to point out that things are usually more complicated than it seems. Most people think that they just have to buy some BTC and we'll moon to 100k in a straight line.

Everybody who claims this will happen is a shit.

+1 Reply
BlackMEX BlackMEX
Bitcoin Halving Capitulation - Mining Death Spirals

Here s a small explanation about why I'm SHORT position.

REMEMBER!!! Risk comes from not knowing what you're doing. I have experience in trading with BITCOIN. So you can assume that I know how to deal with it.

THANKS!

- BlackMEX

Reply
Hello Nerubica,

You have found a beautiful metaphor, you have described a clear picture.

thank you
+1 Reply
Thank you, Neru, for your update. Nice to hear from you. Hope everything is fine.
+1 Reply
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