RiversAndMountains

Bitcoin Legacy - Brace Yourselves. Distribution is Coming

BITFINEX:BTCUSD   Bitcoin
FYI for all those who are wondering where all my old posts went, TradingView locked them without notice or warning because I had tipjar addresses without being a top-paid plan subscriber.

I personally think that, considering the number of views those posts had and the important topics they discussed, wiping them out from history as if they didn’t exist and using a technicality as your reasoning amounts to censorship.

But hey, it’s like yelling at a mountain and nobody on their side is listening.
Would have been nice for them to reply to my billing support ticket for the last week too.

I need more words than I can type here, so I’ll post my Yours on Twitter and you can read more there if you want.

This is the daily chart for Bitcoin Legacy with a focus on June+. This is the most important wedge, as breaking upwards out of this is confirmation that we’re about to, and are, seeing a parabolic movement upwards.

But this is a dangerous situation in history, friends. When something reaches the extreme, it must reverse. This is true all throughout the entire massive Cosmic Body. It of course, will be true, for comparatively tiny Bitcoin.

Our last “dip” to $5500 amidst the test-run for The Cashening was a tiny blip compared to China FUD/Jamie Dimon.

Weis Wave Volume also shows we’ve had either 4 or 5, depending on how you want to count, large accumulation waves, and only two distribution waves.

Bitcoin Legacy is on a runaway train to the top of the new paradigm. When the party is over and the blow off top is complete, will this price action be considered a “pump and dump” like Bitcoin Cash supposedly was on the run to $2800?

If you think the institutional money is not setting up a Godshort, well, then you are indeed the food at the final stage of their feast.

==

Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party: (dafoh.org/petition-t...o-the-united-nations)
Comment:

Watch yourselves, friends. The Bitcoin Legacy apologists, astroturfers, and all the charlatans telling you that you're in a new world of Wall Street glory are not your friends.

The good news? 25MM _more_ Tether printed today. At least there will be a bounce before the house of cards collapses for real.
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.