I'm shorting Bitcoin at $11 000, then I go long at around $7000!
Why I'm posting this?
I cannot resist myself not do so, because I know how many people will lose money or miss an opportunity to earn it, because of not knowing all I'm going to tell you here.
What exactly I'm talking about?
I could just say sell or "buy Bitcoin now", but I want it to make some sense for you and don't blame me later I was just lucky.
Here are some strong "sensemakers":
1. Look at the charts carefully. How long-term support and resistance lines can align so perfectly? What about the "invisible" trend line? Coincidence?
2. After Bitcoin's halving everybody thinks and expects the price can go only higher and higher, yes, we have got some logic here, but it cannot go only one way! Why? Because "everybody" thinks so!
3. In tandem to halving, the global pandemic makes Bitcoin and other cryptos even stronger and infects only fiat currencies, including USD.
4. Miners sell at resistance lines, no matter if the price will break out after that or not, especially if price comes directly from the previous support line without much zig-zag movements. Resistance lines are the best profit averaging points and fail safe for the miners. Plus leftover of financial institutes who think they have not accumulated enough coins yet, will push the price down a little bit too (both of these worlds are reasons why this will be a small pull back, but not a break out yet). Also, mining companies used to stop selling and make Bitcoin supplies artificially deficient on the market, when selling Bitcoin is no more profitable for them and here financial institutes almost never go hard against them, they don't have to, it would be fools errand, they need each other and even in those few cases when they pushed the price under miners' critical price edge, it never lasted longer then a few days or weeks (obviously, miners can survive that). So, as long as we are talking about big companies and great amounts of Bitcoin, Yes! Often, mining companies tend do create a big "whale effect" too!
5. Trump is known as a Bitcoin's bubble blaster back in 2017. Financial institutes know that, most of the crypto maximalists know that too. Bitcoin go in bubble mode again only after Trump is replaced in the November elections.
There are more very important technical nuances on the chart I have no will to reveal, I don't even tell it to my friends, because I'm afraid revealing such information will change how the Bitcoin's price will be manipulated in the future and secrets does not care if I'm a popular person or just nobody, when they seem very obvious and true, they are exploding and people are spreading them around the world within hours, we all know this happens everyday, I'm sure this is why those other few people don't speak about it too. So, sorry, though this is not even half of the story, I hope this is enough for now to challenge your thinking. Conspiracy theory? No, deep technical and fundamental analysis.
My plans?
I have shorted part of my Bitcoins at around $11 000 (miners start selling to recover from the March losses) and then I go all in long at around $6500-$7 500 (miners critical price edge after the halving) and I will hold it for a long time.
And surely, this is not a financial advice of any kind! I'm just telling my story ;)
I cannot resist myself not do so, because I know how many people will lose money or miss an opportunity to earn it, because of not knowing all I'm going to tell you here.
What exactly I'm talking about?
I could just say sell or "buy Bitcoin now", but I want it to make some sense for you and don't blame me later I was just lucky.
Here are some strong "sensemakers":
1. Look at the charts carefully. How long-term support and resistance lines can align so perfectly? What about the "invisible" trend line? Coincidence?
2. After Bitcoin's halving everybody thinks and expects the price can go only higher and higher, yes, we have got some logic here, but it cannot go only one way! Why? Because "everybody" thinks so!
3. In tandem to halving, the global pandemic makes Bitcoin and other cryptos even stronger and infects only fiat currencies, including USD.
4. Miners sell at resistance lines, no matter if the price will break out after that or not, especially if price comes directly from the previous support line without much zig-zag movements. Resistance lines are the best profit averaging points and fail safe for the miners. Plus leftover of financial institutes who think they have not accumulated enough coins yet, will push the price down a little bit too (both of these worlds are reasons why this will be a small pull back, but not a break out yet). Also, mining companies used to stop selling and make Bitcoin supplies artificially deficient on the market, when selling Bitcoin is no more profitable for them and here financial institutes almost never go hard against them, they don't have to, it would be fools errand, they need each other and even in those few cases when they pushed the price under miners' critical price edge, it never lasted longer then a few days or weeks (obviously, miners can survive that). So, as long as we are talking about big companies and great amounts of Bitcoin, Yes! Often, mining companies tend do create a big "whale effect" too!
5. Trump is known as a Bitcoin's bubble blaster back in 2017. Financial institutes know that, most of the crypto maximalists know that too. Bitcoin go in bubble mode again only after Trump is replaced in the November elections.
There are more very important technical nuances on the chart I have no will to reveal, I don't even tell it to my friends, because I'm afraid revealing such information will change how the Bitcoin's price will be manipulated in the future and secrets does not care if I'm a popular person or just nobody, when they seem very obvious and true, they are exploding and people are spreading them around the world within hours, we all know this happens everyday, I'm sure this is why those other few people don't speak about it too. So, sorry, though this is not even half of the story, I hope this is enough for now to challenge your thinking. Conspiracy theory? No, deep technical and fundamental analysis.
My plans?
I have shorted part of my Bitcoins at around $11 000 (miners start selling to recover from the March losses) and then I go all in long at around $6500-$7 500 (miners critical price edge after the halving) and I will hold it for a long time.
And surely, this is not a financial advice of any kind! I'm just telling my story ;)