BTC - Big SHORT Signal!

Bitcoin obviously hit a top, and started falling, we know that. But where do we go from here?

Well, BTC NVT Velocity just gave us the signal. It increased massively over 200%, which means, we are in for a price drop! Gotta love on-chain metrics.

Long term, were gonna have fun here! We are set up for a HUGE Bullish Rally when this thing breaks. If we do get equal lengths, were looking up towards 115k!

Cheers.

Comment:

Small Bull Trap leading up to this 'minor crash', but if you had seen this chart 1 week ago, you would have known the price was going down anyways.

What I saw was a 200% increase in Bitcoin Movement (increasing the velocity of NVT), which usually indicates a price collapse is on the way.

Shortly after, the market started moving up, BTC topped out at its resistance point of 48,500 (ish), and was pulled down pretty quickly.

I have marked the chart where the bottom value should be, (the lowest point we will see in this bull run). This is also in my timeline of events, 1 month ago I stated BTC would head downwards until early - mid October. But... once that hits, we are going to see one of the largest BTC movements upwards, which may span until Jan-March 2022.