The Bitcoin Baby Bear is dead. The Bull got pissed off and killed it.
All kidding aside, I've seen a TON of bearish posts about Bitcoin. I think they all forgot that Bitcoin tends to correct like this, during a bull run. I know, I know, we closed below the 21-week MA, but relax. The Bitcoin Boom has just begun.
I'll stop just short of me saying that everyone is wrong, and I'm right. Because to throw out the possibility that a bear market has begun is silly, because I am biased. That being said, I believe I have a TON of confluent reasons to support my case.
So give it a read, and let me know what you think.
I'll provide updates as we go.
Stay tuned...
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I believe we're in WAVE 3 of the MACRO BULL RUN. WAVE 1: 4K-65K WAVE 2: 65K-30K WAVE 3: 30K-100K WAVE 4: 100K-60K WAVE 5: 60K-200K/250K
With the drop from 2 hours ago, I would love to see an updated version of this. Thanks so much!
johnmslee
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@Herms_za, I apologize for not updating for so long, but I just posted an update. Cheers!
NR91
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And Elon tweets causes BTC to dive. Get ready for a bloodbath
johnmslee
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@NR91, Musk will have less and less impact on the market as we go. It's more TA than Musk, IMO. We were due for a drop for a while.
NoOneWhoIsSomeone
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The best case I've seen for the bears to come is that we crossed a 2 week MACD, and from my understanding we have never recovered from that. Although I still hold faith in the S2F Model, and feel bull as well, that is concerning
johnmslee
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@NoOneWhoIsSomeone, True, but we will. I could be wrong, but I'm very VERY confident saying the bull market is not over.
NoOneWhoIsSomeone
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@johnmslee, I have held strong about the bull run as well, but I'm just curious what makes you so dead certain?