If you have read my previous posts....well just saying! lol...here is an interesting idea. Its starting to sink in...the virus is here to stay and whilst it wont be too damaging to most peoples health, the act of containment on the global economy is only just starting to be estimated. In just two days here in sunny Spain we have gone from the norm into a pre lock down phase. The store shelves had been visited by locusts this morning....how sad.
But if panic buying is only a symtem of the global malaise, shutdown of stores, transport and events will have much bigger implications.
Meanwhile...back in March 2017 we forgot, in the blaze of the bull market...to back test this point (see arrow) on graph, and considering the current sentiments that filling this gap would be a significant point pre halvening, to start the next phase of the bitcoin story.
P.S. If you thought we have seen capitulation phase already, think again.
I watch the trades a lot...i like to watch the momentum and get a feel of the energy of whats going on. Last night, i had to laugh as just before bedtime i sat and watched as the market dropped to 4776.56 at about 11.30pm. if you look back on the 1 min chart it looks like a perfectly cut fringe for about 10 mins. it also coincided with the 1.618 fib level. There was no capitulation here...it was calculated and executed. The capitulation phase is yet to come!
But if panic buying is only a symtem of the global malaise, shutdown of stores, transport and events will have much bigger implications.
Meanwhile...back in March 2017 we forgot, in the blaze of the bull market...to back test this point (see arrow) on graph, and considering the current sentiments that filling this gap would be a significant point pre halvening, to start the next phase of the bitcoin story.
P.S. If you thought we have seen capitulation phase already, think again.
I watch the trades a lot...i like to watch the momentum and get a feel of the energy of whats going on. Last night, i had to laugh as just before bedtime i sat and watched as the market dropped to 4776.56 at about 11.30pm. if you look back on the 1 min chart it looks like a perfectly cut fringe for about 10 mins. it also coincided with the 1.618 fib level. There was no capitulation here...it was calculated and executed. The capitulation phase is yet to come!