DealerBTC #BTC #BITCOIN My Thoughts: Bend 'Em Over First
I haven't updated in a while. I'd like to remind you this is a market controlled by greedy players with lots of money and control over futures contract. Yes the holy Bitcoin event is coming up, but wouldn't it be a great business idea for players with big money to nuke the price, show that there is demand below, and send the price flying back up? It's the hit 'em where it hurts, load your bags, and leave the retail plebs in the dust play. I've seen it happen time and time again.
In such a move, I would look for support at $42,500, $26,000, or $3700.
I will not poop my pants with shock and surprise if $3700 were hit. I'd have cash ready to deploy to bag up everything on fire sale. A tap of $3700 can always be orchestrated and made to look like some kind of freak accident. Who controls the power button on a huge chunk of the miners? Network failure? What SEC crackdown? --- I'm just saying that anyone in this market should be aware of the risks associated with this market and how the narrative is shaped to the plebs to justify whatever price action is taking place.
I'm not saying it is likely, but it is a very probable business move. In my opinion, it is best to either be short or flat until at least April 14 2024. On or near April 14, if price is consolidating or showing some bullishness, I believe it would warrant a long trade. Until then, it may be best to just stay on the side, and let the greedy dudes get what they deserve.
This trade idea is not financial advice. I am not a financial advisor of any kind.
Thanks for hitting the like button and for following!
In such a move, I would look for support at $42,500, $26,000, or $3700.
I will not poop my pants with shock and surprise if $3700 were hit. I'd have cash ready to deploy to bag up everything on fire sale. A tap of $3700 can always be orchestrated and made to look like some kind of freak accident. Who controls the power button on a huge chunk of the miners? Network failure? What SEC crackdown? --- I'm just saying that anyone in this market should be aware of the risks associated with this market and how the narrative is shaped to the plebs to justify whatever price action is taking place.
I'm not saying it is likely, but it is a very probable business move. In my opinion, it is best to either be short or flat until at least April 14 2024. On or near April 14, if price is consolidating or showing some bullishness, I believe it would warrant a long trade. Until then, it may be best to just stay on the side, and let the greedy dudes get what they deserve.
This trade idea is not financial advice. I am not a financial advisor of any kind.
Thanks for hitting the like button and for following!
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
