It took longer then expected but hey, hope you got my call!
Dear Coconuts,
Who nailed it???? Ok it took a little bit longer but still. We got back to my level cocopups, but be careful. ETF news is coming on the 7th and the 30st (most important one). Which I think all will be rejected and exchanges will make a lot of money on the way down again.
Bears got back out of their caves, showing that the moon is still lightyears away. But perhaps it's just a healthy retrace, or this was it and we are going back to the lower levels. Honestly I don't know. But if you really want to know then I have to listen to my inner voice lol. I think BTC is heading towards capitulations.
First the SEC rejects, mostly due to manipulation. Uhum, really, and the next day they announce to review the documents. Come on people, wake up. People that tell me that there is no manipulation have been living underneath a stone.
Think from a perspective of a billionaire. Would you buy BTC at 7400 or at (Let's be conservative) 4800? That's a big scoop of difference. I can't believe ETF's will get approved by this year. Does that really matter? You could argue and say, "who cares about the ETF's, we 've been already towards 20k without them''. We got there because grandma, uncle, neighbours, generally all the people that didn't want to miss out got in. Ask around you, hey guys you should get BTC now, it's only $5850. Listen to what they have to say.
Also we need to understand that the sentiment for the past weeks was bullish, still to much love towards BTC and no hate. Every trader that I know didn't knew exactly what would happend. Indicators where showing different signs, but we all saw the hidding bearish divergence.
It was truly an interesting two weeks.
Shorts got piled up, Tether was printed over and over again. Waited for the short squeez, didn't happen, then shorts got piled up again!
We need a consolidation, not for three weeks, I'm talking about month and months. But then again I'm not 100% sure my dear cocofriends. We all have our own opinion and that's the beauty of it.
So for now, never catch a falling knife, just keep an eye on the FIB lines. Probably we will create bearflags on the way down. Wait for a support is made. Usually we can play around them on the way down in combo with the ADX,RSI and MACd, but be cautious, use stoplosses.
Big guys are in play!
Enjoy this bloody day or not, I just hope you had a stoploss and took your profits.
Who nailed it???? Ok it took a little bit longer but still. We got back to my level cocopups, but be careful. ETF news is coming on the 7th and the 30st (most important one). Which I think all will be rejected and exchanges will make a lot of money on the way down again.
Bears got back out of their caves, showing that the moon is still lightyears away. But perhaps it's just a healthy retrace, or this was it and we are going back to the lower levels. Honestly I don't know. But if you really want to know then I have to listen to my inner voice lol. I think BTC is heading towards capitulations.
First the SEC rejects, mostly due to manipulation. Uhum, really, and the next day they announce to review the documents. Come on people, wake up. People that tell me that there is no manipulation have been living underneath a stone.
Think from a perspective of a billionaire. Would you buy BTC at 7400 or at (Let's be conservative) 4800? That's a big scoop of difference. I can't believe ETF's will get approved by this year. Does that really matter? You could argue and say, "who cares about the ETF's, we 've been already towards 20k without them''. We got there because grandma, uncle, neighbours, generally all the people that didn't want to miss out got in. Ask around you, hey guys you should get BTC now, it's only $5850. Listen to what they have to say.
Also we need to understand that the sentiment for the past weeks was bullish, still to much love towards BTC and no hate. Every trader that I know didn't knew exactly what would happend. Indicators where showing different signs, but we all saw the hidding bearish divergence.
It was truly an interesting two weeks.
Shorts got piled up, Tether was printed over and over again. Waited for the short squeez, didn't happen, then shorts got piled up again!
We need a consolidation, not for three weeks, I'm talking about month and months. But then again I'm not 100% sure my dear cocofriends. We all have our own opinion and that's the beauty of it.
So for now, never catch a falling knife, just keep an eye on the FIB lines. Probably we will create bearflags on the way down. Wait for a support is made. Usually we can play around them on the way down in combo with the ADX,RSI and MACd, but be cautious, use stoplosses.
Big guys are in play!
Enjoy this bloody day or not, I just hope you had a stoploss and took your profits.