mycotoxin

BTC - NVT cycles 3 times and there will be a >= 50% correction

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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NVT cycles 3 times before the real pump and this is now the third NVT cycle - Meaning there will be a 50% or greater correction at some point - so best not be too greedy and take profit as its acquired.
When NVT enters the red zones the dumps are significant and BTC is currently in the extreme NVT zone - so Im expecting BTC will hit at least the 5K area or lower at some point.
There will be no mass adoption to some asset class that is in mass quantities (scarce in nature) held by the very few rich who can splash and spill it at their whims and fancies. There will be no adoption due to the fact of exchanges manipulating the prices covering up their laundering activities. The way the elites are creating a magical effect that every human will choke up if they don't own btc today is ridiculous. Dreams of 100k to 500k prices sold to the common man inviting them to speculation is a karmic crime anyways. Comparing it to gold and releasing TV ads this year doesn't make sense either when it was most needed last year to infuse confidence during a bear phase (again personal motive of bary silbert since he has a trust and must be having heavy alt bags his trust invests into) These guys Pompalino, Saifdean, Mccormack, Mcafee, Antanopolous, Murad, Armstrong, Winklevoss twins, Jimmy Wong and likes of all these names, who are they? Since years they have been in a super plan mode to promote this asset class shilling and selling dreams to every single person on twitter taking them away from the current activities of life. I see many people having dreams of making 2 million dollars in as quick as 2 years by just buying btc. DO u guys even think these people, these names i mentioned they are the mafia in crypto run and controlled by much bigger heads who fund them. Bitfinex is running a day light robbery as easy as cutting butter with a knife willfully printing paper tether and priming the prices up. Does this all seem normal to everyone? Leaving a paying job or atleast working with a half willed heart at work and more immersed into crypto are you doing justice to yourself? Why is it now that we are hearing all good news? Why? That ad "drop gold" by Grayscale why didn't it come last year when people were losing money buying the top. Don't u think that was the perfect time to introduce people to bitcoin if adoption was truly the agenda. Nope that time they were dumping their bags at inflated rates upon you at 18k, 15k, 10k and so on. Now when they filled their waters with bags down dumping upon you since Jan till April this was the perfect time to create a full on bull mode so that FOMO kicks in hard. This is exactly what is happening. No one gives a fuck of btc. Even readers of my message won't. The simple reason is that all of us need money to live and not a block asset that appreciates and depreciates in minutes. The fact all of us would want to redeem btc at 100k or 500k so the beleif is still cash out into fiat. Why? U love btc why cash into fiat. If that's the case then fiat pays more importance to btc. Take time think whats happening why its happening and who is playing this game. What is their motive. I'm pretty sure its to sell their low bought bags at higher rates and have u hold them for ages till finally either government shuts this down or btc retraces and eventually fails to act as a currency which in most cases it will.
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Hey, you were right about a bull trap. Probably didn't expect it to be the mother of them though. Unless price holds above 8500 through the end of the month, we're just printing yet another lower high and the downtrend is still in play.
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mycotoxin Jeff_Cryptopop
@Jeff_Cryptopop, thats a good observation - BTC does have to close above 85xx to make a higher high
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mycotoxin Jeff_Cryptopop
@Jeff_Cryptopop, otherwise i agree its still a downtrend
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@mycotoxin, And I personally believe it'll dump before all of the sell orders leading up to 10K. Hey, remember when everyone called profit at 20K in 2017? Oops. Didn't quite make it.
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mycotoxin Jeff_Cryptopop
@Jeff_Cryptopop, yeah they did the same thing at the 58xx mark and blew right past it also - but the whales will retake a lot of the gains back
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@mycotoxin, BTC knocked out that 5800 support in November, but it never did confirm a resistance there. Even so now, it stayed parabolic so it never confirmed support there either.
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We will see the correction at 10K.
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@casidom, Possible but if the whales who are pushing this know that a Twtter poll resulted in retail saying they'd take profit at 10K, do you think it will make it? Nope. They'll dump it lower that all of the sell orders. An NVT correction typically dumps hard.
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