TradingView
Mayfair_Ventures
Feb 4, 2023 6:50 PM

The phases of Bitcoin  

Bitcoin / United States DollarCoinbase

Description

As @Paul_Varcoe posted in his recent post. Keep a cool head here, moon calls are back trending.

Take a look at these posts, since we started making posts public. If you want proof then look no further...



I had been buying Bitcoin for several years, as a money manager & tech investor. Seeing the move at the end of 2017, it was clear the transition had started.

I started posting about Bitcoin publicly and explained these steps.


Why this was a great range for the re-accumulation. This also giving levels for the potential upside move. Which we then had in the exact forecasted region.


So when the target was set -


You see, this was really the start of Crypto's professional shift, it was becoming a trading instrument. Thus making it easier to analyze each swing.

This was a private stream here on @TradingView explaining the bottom collection of liquidity as a pig ugly move.


As the price started to rally, many got excited - maybe a little too excited!


The reason I say this, is that there was already signs of a truncation of the move back up.


This is simply part of the game. Zoom in on the text, this was the 24th of August, expecting a drop down 3-4 and then a rise into the old ATH levels before crashing quickly.


At the top - it was again, written in the stars; why would it be Linear to $135,000 You know who I'm pointing the finger at. Think about it, we had a weak rally up on very little volume, how, just how was it likely to rally to 135k without any form of liquidity grab?


Then as we had our move down and rise back up, there was a defined pattern showing - the kind of pattern that indicates a re-distribution.
I took the time to warn the public about this but in reply guess what the main theme was? "Buy the dip" unfortunately.



The phases of the Wall Street cheat sheet are now beyond apparent.

Rise to fall


So as we come into "fair market value" regions - it's pretty clear we are where we think we are.




Yup - It's not rocket science this. I cover some additional info in this post below






Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Comments
TheCryptCrow
Honestly I struggle to follow your thoughts although I have been following for a while it would help a lot more if it was less encrypted😅
bhuds372
I love how obvious this is to you Lewis. It is fascinating watching the correlation between human (emotion driven) behaviour and the marketplace, and how it marries to your predictions.
Mayfair_Ventures
@bhuds372, Cheers, to be honest - it's only big players, using the lack of regulation and the clowns trying to pump the space to their advantage. This is clear form the moon ;-) You see the wall street cheat sheet post? it's that in summary.
sangar200
long?
Mayfair_Ventures
@sangar200, hold your horses, it is - but it's early accumulation currently. ;-)
sangar200
Brother , I'm new to this market . I've given 7x of c98 in the 0.2811 area . Please advise me
Mayfair_Ventures
@sangar200,
As in the crypto C98?
Mayfair_Ventures
@Mayfair_Ventures, if you mean you bought 7X leverage at 0.28 then you might be lucky. If your meaning you got 7X leverage on 2.8 - then your in for a long ish wait.
Mayfair_Ventures
@Mayfair_Ventures, @sangar200 either way, I would say don't go crazy leverage and don't trade coins with high volatility - especially when starting out. The risk will almost ALWAYS outweigh the rewards. Stay safe and good luck.
esorlegin
@sangar200 if you look for Mayfair Ventures on Discord you can join the group. you can also find video on YouTube. I do not understand what you are asking. are you saying you are in futures or margin trades at x7 leverage on the C98 token. if so., I suggest you close the trade if in profit and do a lot of learning - Mayfair are very good at teaching details of trading.
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