'impulse' terminated by resistance, low liquidity + clueless traders are slowing the fall - but its coming
busterbluth
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It’s not
UnknownUnicorn13342055
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@busterbluth, wealth comes from hard work - stop dreaming that an asset that is already up nearly 2000% will continue to do so
busterbluth
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@son-of-saylor, do you understand the halving cycles at all
busterbluth
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@son-of-saylor, you honestly think Goldman Sachs, Morgan Stanley, and JP Morgan are buying at the top of a bull cycle? You’re gonna eat so much crow buddy
UnknownUnicorn13342055
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@busterbluth, just look at the chart, there is a massive head and shoulders taking place
This signifies in elliott wave theory that the top of a wave is in. A head and shoulders in formed from a motive impulse & corrective wave
The next part of the corrective wave (C) will break the neckline. Its projection is around late 40k's. The problem is people will panic following this, and panic is the next stage of a bubble along with capitulation.
busterbluth
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@son-of-saylor, Yeah yeah. Is your top for this cycle 60k or 150k? You’re doin a lot of flip floppin
UnknownUnicorn13342055
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@busterbluth, its conditional. My top is 60k. We must correct, I dont see the stock markets lasting past the end of this month so 60k is my top is how I see it.
As a trader I must evaluate both sides of things, if the stock market holds up then below 150k is possible - but if everything in the world goes in bitcoin favour, this run still won't last past August and that is based on your beloved 2017:)
busterbluth
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@son-of-saylor, I’ll give you a little tip since we’re friends. When these cycles top everyone has their Bitcoin on exchanges to dump. We’re seeing the opposite at an unprecedented level. Bitcoin coming off exchanges in bulk and going into cold storage. We haven’t even gone parabolic. Forever, Laura.
UnknownUnicorn13342055
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@busterbluth, lmao I've been in this market since 2015, and your attempt at trying to be condescending is fascinating considering the ignorance displayed
Let me tell you this, there is arithmetic scaling & there is logarithmic - learn to use both
Another tip: learn how to read the news. JPmorgan & goldman sachs WOULD NOT announce an investment until they built a position, which is likely a long time ago
The problem is you are poor and have become incredibly displaced thinking this will solve your real world problems
Both Soros & Burry are in the market now which only means one thing - shorts (they pop bubbles)
Eat shit bull, "we haven't even gone parabolic" reflects your understanding upon everything;) go back to your cave
I could say so much more regarding odd lot theory & bringing Wyckoff into this. Will tag you when the run is over when you miss selling the top and lose it all