G0124

Patience is the key in a FOMO market

COINBASE:BTCUSD   Bitcoin
What's up everyone, hope you are staying safe and healthy out there. Are you bored buying into Bitcoin and watching Tiger King for the 80th time? Me too.. I made this chart last night to follow and see how it plays out later on. If you missed the bottom range of 4-5k don't panic because its coming again. Why do you ask? We did not consolidate a true bottom price at all, we just impulsively bounced. This has happened with BTC time and time again. Once we pump the halving event above the MA's at 8-10k it will get dumped again. I can see a true bottom consolidation period in the 3-4k and not any lower. The reason for this is because it costs at least this much to mine Bitcoin. The main take away here is BTC has made a very nice move for whales and smart investors alike who bought in at the 3.8-4.5 area. Eventually when they cant pump off of the halving event anymore, its going to dump hard to take those profits. This is just my opinion just like everyone else on here. I know both moonboys and bearish bears will hate on this idea that is fine. I'm simply thinking realistic here not 100k and not 1k. Its nice to dream, but eventually you wake up. Have a great day thanks for reading and hope all is well with you and your families in this f'ed up time.
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