BTC HAS STOPPED GOING PARABOLIC - ENTERED TRADING RANGES
So, I had been busting my bubble trying to figure out what's going to happen with Bitcoin for a while now... The chart is messy, but there are so many details that need entertained that it can become a cluster to make it make sense.
I finally realized that we went through an accumulation stage back in 2019 to 2020.
While in the ultra long-long term, this is really good news because you will have another ONCE IN A DECADE CHANCE to buy Bitcoin lower than it has been in a decade (at that point and time it will have been a decade apx. just my theory).
To make sense of this chart, you will need to familiarize yourself with Wyckoff's work regarding accumulation and distribution cycles. Once you recognize these patterns it will hit home that multiple patterns tend to work in conjunction with each other. Accumulation can work with Distribution, and vice versa.
But for those of you holding bags, the relationship will become complicated. The signs are all over the place of a BLOODBATH coming.
I think we will be falling below 10k... SHORTLY. Before the end of the year is my thought. While you will have another chance to sell near 40k-50k, this is going to be a very harsh bear run for BTC and crypto in general. The markets will go with it. The correction will trigger a recession, a 2009 type recession, or worse.
So take the bad with the good here. Save up your money and look for prices UNDER $2000... IF it doesn't get regulated to the bone because of everyone that will lose so much money with it. It will take us a WHILE to get there, but we will.
Put yourself in a situation to benefit from the chaos and/or be ready to make some tough choices ahead. Either way at least you're ready.
I finally realized that we went through an accumulation stage back in 2019 to 2020.
While in the ultra long-long term, this is really good news because you will have another ONCE IN A DECADE CHANCE to buy Bitcoin lower than it has been in a decade (at that point and time it will have been a decade apx. just my theory).
To make sense of this chart, you will need to familiarize yourself with Wyckoff's work regarding accumulation and distribution cycles. Once you recognize these patterns it will hit home that multiple patterns tend to work in conjunction with each other. Accumulation can work with Distribution, and vice versa.
But for those of you holding bags, the relationship will become complicated. The signs are all over the place of a BLOODBATH coming.
I think we will be falling below 10k... SHORTLY. Before the end of the year is my thought. While you will have another chance to sell near 40k-50k, this is going to be a very harsh bear run for BTC and crypto in general. The markets will go with it. The correction will trigger a recession, a 2009 type recession, or worse.
So take the bad with the good here. Save up your money and look for prices UNDER $2000... IF it doesn't get regulated to the bone because of everyone that will lose so much money with it. It will take us a WHILE to get there, but we will.
Put yourself in a situation to benefit from the chaos and/or be ready to make some tough choices ahead. Either way at least you're ready.
Comment:
Comment:
Also, please note that the prices aren't meant to be exact or meant to be in exact timeframes.
It's nearly impossible to predict prices besides higher highs, lower highs, lower lows and higher lows.
Timeframe is also something that is hard to predict.
It's nearly impossible to predict prices besides higher highs, lower highs, lower lows and higher lows.
Timeframe is also something that is hard to predict.