Folks, look at it this way, the more these whales and little bears sell, the more they have to spend to buy back in, especially if prices move higher than they anticipate. They can only do this for so long. As prices get higher and higher, more and more whales will be flushed out of the market. Keep in mind there is a limited supply of Bitcoin. At some point, these whales won't have the funds to purchase big bags like they do now. When it gets to that point, then it will be a level playing field. But it may take 5 years or more to get there. Cheer up, bulls. :)
The_Blockchains_Own_Boy
⋅
get the duck out, Tone Vays
Cyptoq
⋅
Fud creater . 1000$ BTC hehehehehe
toateotihuacan
⋅
@Cyptoq, FUD is typically associated with FA news. This is TA my friend :)
Dan_Wang
⋅
The best analysis I have ever seen.So simple , so straight forward, so easy for newbee to understand. I love it.
toateotihuacan
⋅
@f4136936, I'm glad you like it! Thank you for the feedback :D
toateotihuacan
⋅
@f4136936, I do realize now that the weekly would have a clearer rejection here at the 50MA, but the projection stands
toateotihuacan
⋅
@f4136936, there ya go:
jasonroy40
⋅
Lol this is laughable.
deactivatedaccount123
⋅
@jasonroy40, why? This isn't laughable at all. This is very likely what will end up happening. Bitcoin is the highest profiting asset of all time, not to mention the most manipulated. Someday, news will come out about the fraud and manipulation, and it will destroy this market but it will also allow it to grow. The price shown on this chart is exactly where greedy people want to take it so they can get more.
Open a .1 btc short here on extremely low leverage then wait. If you're patient enough and unlike me smart enough to add without screwing up your entry, you could have a seriously large amount of Bitcoin WHEN this market dumps.
Now imagine instead of having .1, you have ten's of thousands of BTC. Imagine how much more whales can accumulate by doing this.
The more expensive the price gets the harder it becomes to accumulate. So, South is the road we are GONNA take whether you laugh at it or not.
See you at 1K or less