BITCOIN: The Biggest Distribution of Wealth Hidden in Plain Sigh
I removed most indicators to help see the picture. Nothing crazy, just patterns. Things are just hidden in plain sight, sometimes indicators, technical analyses etc. is just there to obliterate your mind from seeing the picture. This is purely from patterns... As we live in a fractal universe.
We have two targets.
This is worse case scenario if BTC looses $18.5k Support. Keep in mind, we are not going to see all time highs within weeks.
Yes it can be traded and bounces will occur. Respectively this is just a full speculative picture.
*This becomes invalidated if we close a weekly above $44.5k* and hold this current shakedown*
H&S Target (White): Low $13,000's
Pennant Target (Purple): Low $5,000's
It's evident that the USD is collapsing and a new currency will take it's order... Hence "The new world order" - This has repeated many times, the rise and fall of nations. All the USD printed in the plannedemic was set to move into the markets, to get the masses aware and pour their life savings, stimulus, etc into it. Well now that it's happened, it's time to shake them down.
There will be many events to have this happen. We are seeing it live with the raise in taxes, the loss of jobs as they become automated, food shortages. Truckers will one day actually succeed and make a statement on the economy. Basically, it's obvious that life cannot be sustained financially with the way the US economy is... At least for the masses... But it goes beyond that, as the US really has nothing that can stimulate the economy as we source out everything outside of the country. We can talk all day about this but this will become a whole book.
This is where things change this time around. We are the first human beings in existence to ever live life like this. The digital era. We will have the opportunity to move all financial assets to a decentralized system. Ignore all these blockchain developments ongoing, all these other alt-coins. Just focus on the basic backbone of Bitcoin... Proof Of Work and Peer to Peer. That's all there is to it.
Anyways that's how I see "The big picture" for the next 4 years.
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Current plan is to look for a short opportunity @~$36,000 BTC. I wont say hold this position as I day trade it. But it's a zone to watch out for reversals.
We have two targets.
This is worse case scenario if BTC looses $18.5k Support. Keep in mind, we are not going to see all time highs within weeks.
Yes it can be traded and bounces will occur. Respectively this is just a full speculative picture.
*This becomes invalidated if we close a weekly above $44.5k* and hold this current shakedown*
H&S Target (White): Low $13,000's
Pennant Target (Purple): Low $5,000's
It's evident that the USD is collapsing and a new currency will take it's order... Hence "The new world order" - This has repeated many times, the rise and fall of nations. All the USD printed in the plannedemic was set to move into the markets, to get the masses aware and pour their life savings, stimulus, etc into it. Well now that it's happened, it's time to shake them down.
There will be many events to have this happen. We are seeing it live with the raise in taxes, the loss of jobs as they become automated, food shortages. Truckers will one day actually succeed and make a statement on the economy. Basically, it's obvious that life cannot be sustained financially with the way the US economy is... At least for the masses... But it goes beyond that, as the US really has nothing that can stimulate the economy as we source out everything outside of the country. We can talk all day about this but this will become a whole book.
This is where things change this time around. We are the first human beings in existence to ever live life like this. The digital era. We will have the opportunity to move all financial assets to a decentralized system. Ignore all these blockchain developments ongoing, all these other alt-coins. Just focus on the basic backbone of Bitcoin... Proof Of Work and Peer to Peer. That's all there is to it.
Anyways that's how I see "The big picture" for the next 4 years.
------------------------------------------------------------------------------
Current plan is to look for a short opportunity @~$36,000 BTC. I wont say hold this position as I day trade it. But it's a zone to watch out for reversals.
Comment:
I believe green path will play out in the following weeks. The red path will need crazy world wide financial events
We will see a quick jump to $31k. With a possible quick retrace. But overall this is what will play out. Price to $34500 and distribution to $37800.
From there the US will probably file a lawsuit against exchanges. Coinbase, Binance etc. and blame them for inflating the USD with USDT and USDC.
The new digital USD will be said to ban all it's correlation with exchanging into crypto digital currencies. All this combined with financial uncertainties will cause an overall stock and crypto shakedown.