MONEY FLOW ANALYSIS:
This is how Operators shape the market to look the same, so they can control everything at the same time.
- Candlestick, DeMark Sequential, and Volume analysis can indicate when they will distribute Bitcoin.
- Observing Ethereum price suppression can indicate Operators accumulating Altcoins.
- Observing high volume on Altcoins will confirm this.
Sell Bitcoin when they sell Bitcoin and buy Altcoins when they buy Altcoins. Profit.
This is how Operators shape the market to look the same, so they can control everything at the same time.
- Candlestick, DeMark Sequential, and Volume analysis can indicate when they will distribute Bitcoin.
- Observing Ethereum price suppression can indicate Operators accumulating Altcoins.
- Observing high volume on Altcoins will confirm this.
Sell Bitcoin when they sell Bitcoin and buy Altcoins when they buy Altcoins. Profit.
Comment:
Pullback complete between:
June 10 - July 04 based on 1W analysis.
June 02- June 05 based on 1D analysis.
In any case July will likely break 10K and turn it into support.
June 10 - July 04 based on 1W analysis.
June 02- June 05 based on 1D analysis.
In any case July will likely break 10K and turn it into support.
Comment:
XBT 1D
- Pitchfork points based on XBT historically rare 1D MA 7/30/50 crosses.
- Pitchfork hasn't reached the center line.
- Steve Nison's "Follow the 9" (period MA) strategy has this BULLISH.
At some point psychology > T.A. patterns. At this moment is greed>fear? YES. This tells us to what? SELL. but...
Ask yourselves this question: at what price will the market make the most fools? Now? I say no. If the market goes to 10-13K, news will create the profitable FOMO buying.
Operators have the capital to guide the market to this FOMO level. Why should the price go down when they can make CNBC Bloomberg MSNBC FOX money? All the brilliant analysts will help them with their news and recommendations.
"Bitcoin over 10K, 11K, 12K, where is it going Chuck?"
Chuck: 20K, 25K, 30K, ?
Are people putting mortgages on their homes to buy Bitcoin now? No. Therefore, my hypothesis is that the price is going up.
- Pitchfork points based on XBT historically rare 1D MA 7/30/50 crosses.
- Pitchfork hasn't reached the center line.
- Steve Nison's "Follow the 9" (period MA) strategy has this BULLISH.
At some point psychology > T.A. patterns. At this moment is greed>fear? YES. This tells us to what? SELL. but...
Ask yourselves this question: at what price will the market make the most fools? Now? I say no. If the market goes to 10-13K, news will create the profitable FOMO buying.
Operators have the capital to guide the market to this FOMO level. Why should the price go down when they can make CNBC Bloomberg MSNBC FOX money? All the brilliant analysts will help them with their news and recommendations.
"Bitcoin over 10K, 11K, 12K, where is it going Chuck?"
Chuck: 20K, 25K, 30K, ?
Are people putting mortgages on their homes to buy Bitcoin now? No. Therefore, my hypothesis is that the price is going up.
Comment:
The simplest argument to illustrate my point is this: Candlesticks are the default Technical Analysis instrument. Steve Nison has a zone of resistance between 9953.51-11769.87. These are targets to test for demand/supply. Until we hit those targets bulls have no idea if this is the top. This is fundamental. You don't need a DeMark 3 on the Monthly or anything else to see this. This is Candlestick Analysis 101.
Comment:
2D BLX Nison Morning Star support = 3148.33
31D BLX DeMark TDST = 11660.75
Fib Extension.
Stop-Limit Sell orders:
1) 13,870.00
2) 16,800.00
3) 19,600.00
Reason: Sell to FOMO buyers.
31D BLX DeMark TDST = 11660.75
Fib Extension.
Stop-Limit Sell orders:
1) 13,870.00
2) 16,800.00
3) 19,600.00
Reason: Sell to FOMO buyers.
They bought BTC ETH and Alts at the best prices. This is the final big move before they distribute everything to 10-13K FOMO buyers who will buy at the top because of "good news" when BTC breaks 10K and all analysts on TradingView, television, print, blog, and podcast tell people to BUY BUY BUY. This is when they will sell everything. When it will cause the most pain to the majority of the market.
Bitcoin is at 8700. You can buy now and sell with them between 10-13K or you can wait until after the cataclysmic panic selling. Follow your strategy.
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