RICH WHALE, POOR FISH - Bitcoin December 2020 to February 2021
No look alley-oops.
1) Too many of your favorite signal sellers and top idea authors are bull'ish.
2) Big institutional names saying they've bought in tens of millions of Bitcoin in the past weeks. Bluff. They don't buy on the way up because it's impossible; they can only buy on the way down. They will begin buying in near the capitulation stage entering into a late December absolute bottom and accumulation zone.
3) Long interest among retail traders way too high.
4) General average Joe's looking for a quick buck or trying to catch Bitcoin before it moons to $50k+ is too high.
5) Vaccine rolling out and the US Dollar is ready to a bounce up. DXY up, Bitcoin/Gold down for the mid-term December.
6) Stimulus plan finally gets agreed upon and signed a few weeks after Biden is sworn in. January and February is rising prices (spring out of accumulation zone) in all equities to front-run this inevitable Stimulus event to happen.
7) Late February/March, more printed money is pumped into the economy decreasing the US Dollar. If you did it right and got in low.... 2021 = Lambos
1) Too many of your favorite signal sellers and top idea authors are bull'ish.
2) Big institutional names saying they've bought in tens of millions of Bitcoin in the past weeks. Bluff. They don't buy on the way up because it's impossible; they can only buy on the way down. They will begin buying in near the capitulation stage entering into a late December absolute bottom and accumulation zone.
3) Long interest among retail traders way too high.
4) General average Joe's looking for a quick buck or trying to catch Bitcoin before it moons to $50k+ is too high.
5) Vaccine rolling out and the US Dollar is ready to a bounce up. DXY up, Bitcoin/Gold down for the mid-term December.
6) Stimulus plan finally gets agreed upon and signed a few weeks after Biden is sworn in. January and February is rising prices (spring out of accumulation zone) in all equities to front-run this inevitable Stimulus event to happen.
7) Late February/March, more printed money is pumped into the economy decreasing the US Dollar. If you did it right and got in low.... 2021 = Lambos
Order cancelled:
This trade is invalidated by Bitcoin's pop to ATH this morning. From a quick glance; it appears that Bitcoin was actually doing this 'consolidation before pop' stage in a smaller scale & quicker than I expected (take the complete pattern that I drew, shrink it, and move it right above the last month's price trend).
Anyways; cheers.. Even if I missed the majority of the pop; it is still a great and ultimate signal that Bitcoin is BULLISH once again... since 2017!
Anyways; cheers.. Even if I missed the majority of the pop; it is still a great and ultimate signal that Bitcoin is BULLISH once again... since 2017!