viparmenia

btcusd 8000 till Halvin and then sell off till end of the year

viparmenia Updated   
BITSTAMP:BTCUSD   Bitcoin
The crisis is not yet started, there will be a lot of bankruptcies forcing people sell their reserves to pay bills and first what they will do, will sell crypto.

There is no volume in buying that why a small rise of price is on way put already stagnating.
All just wait what will happen after halving in hope to sell at higher price.

As soon as waiting will be end the sell of will start with 3200 in middle of year.

Could be that 3200 would not be the bottom, if general situation in the world will be worst and it will be worst.
Comment:
Seems day traders trying to generate FOMO by another artificial deficit of Bitcoin on all exchanges due to sell off in alternative cryptos.

Selling alternative agains bitocin ETHBTC, LTCBTC, BNBBTC, XRPBTC whales initiating the need of bitcoin that flows out from btcusd into btxxxx markets.

The bitcoin prise rises shortly resulting to fomo and panic buys allowing whales to sale their positions at higher btcusd.

As soon as there is no more alt to sell, bitcoin will flow back into btcusd resulting total crush.

There is no fresh money entering bitcoin market, just restrukturing all from alts into bitcoin....

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.