Before addressing the subject I prefer to repeat what I do believe in:
- We are in wave 4 in Weekly time frame. Then, based on Elliots correction continues further down just a little bit higher than the 1st wave.
- But where is the first wave located? It is in my viewpoint 10K before COVID.
- Somewhere in between 10 - 20K there is a very strong reaccumulation zone which has to be higher than 10K & "it is actually located on the 3556 Logarithmic Dynamic Support which is also a weekly local strong Static Support Cluster for the price".
- Then please forget all nonsenses said irrelevantly and by some ignorant people that bitcoin plunges to 5 or even 3K! How dummy it looks like!
The second part of this text is directly on the subject and to the point that "Why on Earth such Price Structure has happened during the current Cycle?"
1. As bitcoin paves its path to maturity the price grows and in my viewpoint individuals & institutions who are really concerned with this industry do need to buy some bitcoin to back it up. I know this sounds ridiculous, it is a bare truth and needs no more explanation.
2. There are too many pet & shit coins rising & certainly falling without even providing any sustainable advantage and they are sucking the incoming money many of which are just a pig in the pan and poor people have no idea about such traps &/or vain blackholes.
Not only the technicals would be enough to invest in on something which really is of actual virtue. In this regard, some serious regulations need to come into existence or we will experience some fatal global financial crisis during the years to come.
This is not a financial advice at all.
The first part of this analysis would be true if bitcoin fails to surpass 42K this time.
- We are in wave 4 in Weekly time frame. Then, based on Elliots correction continues further down just a little bit higher than the 1st wave.
- But where is the first wave located? It is in my viewpoint 10K before COVID.
- Somewhere in between 10 - 20K there is a very strong reaccumulation zone which has to be higher than 10K & "it is actually located on the 3556 Logarithmic Dynamic Support which is also a weekly local strong Static Support Cluster for the price".
- Then please forget all nonsenses said irrelevantly and by some ignorant people that bitcoin plunges to 5 or even 3K! How dummy it looks like!
The second part of this text is directly on the subject and to the point that "Why on Earth such Price Structure has happened during the current Cycle?"
1. As bitcoin paves its path to maturity the price grows and in my viewpoint individuals & institutions who are really concerned with this industry do need to buy some bitcoin to back it up. I know this sounds ridiculous, it is a bare truth and needs no more explanation.
2. There are too many pet & shit coins rising & certainly falling without even providing any sustainable advantage and they are sucking the incoming money many of which are just a pig in the pan and poor people have no idea about such traps &/or vain blackholes.
Not only the technicals would be enough to invest in on something which really is of actual virtue. In this regard, some serious regulations need to come into existence or we will experience some fatal global financial crisis during the years to come.
This is not a financial advice at all.
The first part of this analysis would be true if bitcoin fails to surpass 42K this time.
