BTC
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Narrative is to hit the 200WMA under $6k to commit capitulation in all the halving speculators and miners, then resume swiftly the uptrend, letting them in the dust and making them buying higher.
Please consider all variables, this is highly speculative, but with so many eyes on the same event, it't becoming harder to imagine that everyone gets an opportunity to buy before halving and sell higher for a profit immediatly
Please consider all variables, this is highly speculative, but with so many eyes on the same event, it't becoming harder to imagine that everyone gets an opportunity to buy before halving and sell higher for a profit immediatly
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The opposite of this capitulation scenario is if we're assuming the capitulation has occured this week, and we see a bullish wedge breaking out now
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How would this make you feel:
Consolidate Dec 2020 under $20k, Fail to close Monthly above $20k -> Dump to 13.5-14k -> resume moon mission from a proper launchpad
Consolidate Dec 2020 under $20k, Fail to close Monthly above $20k -> Dump to 13.5-14k -> resume moon mission from a proper launchpad
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This is just great
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Running nicely
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HTF idea also here:
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if fractals repeats, we see a touch of the 7SMA 1M in February ~22k while also breaking out of $42k into the month end , kinda crazy, but it happened before
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Two ideas on the Monthly, which one do you prefer?
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2017 moon like scenario or Double-Bubble Tim Draper scenario?
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Either way, I don't think we'll go below $20k again. Maybe if another End of the world scenario kicks in, but highly unlikely to close below, especially as time goes on All major banksters will be bidding that area. What would cause such a drop? Maybe Tether FUD, regulation, profit taking a la Bubble burst with $8k charts popping again etc