THE RISE OF BITCOIN & THE FALL OF THE DOLLAR
420 Investments back again with a macro analysis of the implications of Covid19, The Rise of Bitcoin and the falling dollar.
Btc has been Ranging for a total of 69 days So far.
We had a nice fake break down on the weekly time frame before quickly reclaiming it the following week, which we then launched off that close.
We Can see that BTC is indeed in accumulation mode, with a nice pump jumping across the creek for the Wyckoff schematic.
Due to BTC ranging for such a long period of time the expansion that will follow from here will quite parabolic.
If #Btc can flip this current area into support, then bulls will attempt to break the range high again before they head for the previous trading range highs.
$100K USD Has been programmed.
Reasons to be bullish on #Bitcoin
-Weekly High time frame reversal confirmed.
-Weekly buy signal on custom indicator.
-Liquidity Tap.
-Fake Breakdown on High time frame, which adds fuel to the fire for the bulls by rejecting a bearish breakdown.
-Miners aren't selling off, neither are whales.
-Daily Jump across the creek - Wyckoff schematic (bullish)
-Institutional Funds are flocking into crypto + Bitcoin
-Banks & Governments can't stop us, they have to join us.
Reasons to sell your dollars from the impacts of Covid19 Worldwide
-US Governments printed an all time high of total supply 25% + (along with governments worldwide going on stimulus sprees)
-Long term implications of this will begin to show over time, as #BTC shows it's strengths and flexes its muscles to the dollar.
- Btc won't be measured via the USD in a few years, 1 BTC = 1 BTC.
-The US Dollar will no longer be a "safe haven"
-Chinese governments tried to put a stop to #btc for an onslaught of 30 days, and bulls held there cool.
#BTC
#Cryptocurrency
#420Investments
Btc has been Ranging for a total of 69 days So far.
We had a nice fake break down on the weekly time frame before quickly reclaiming it the following week, which we then launched off that close.
We Can see that BTC is indeed in accumulation mode, with a nice pump jumping across the creek for the Wyckoff schematic.
Due to BTC ranging for such a long period of time the expansion that will follow from here will quite parabolic.
If #Btc can flip this current area into support, then bulls will attempt to break the range high again before they head for the previous trading range highs.
$100K USD Has been programmed.
Reasons to be bullish on #Bitcoin
-Weekly High time frame reversal confirmed.
-Weekly buy signal on custom indicator.
-Liquidity Tap.
-Fake Breakdown on High time frame, which adds fuel to the fire for the bulls by rejecting a bearish breakdown.
-Miners aren't selling off, neither are whales.
-Daily Jump across the creek - Wyckoff schematic (bullish)
-Institutional Funds are flocking into crypto + Bitcoin
-Banks & Governments can't stop us, they have to join us.
Reasons to sell your dollars from the impacts of Covid19 Worldwide
-US Governments printed an all time high of total supply 25% + (along with governments worldwide going on stimulus sprees)
-Long term implications of this will begin to show over time, as #BTC shows it's strengths and flexes its muscles to the dollar.
- Btc won't be measured via the USD in a few years, 1 BTC = 1 BTC.
-The US Dollar will no longer be a "safe haven"
-Chinese governments tried to put a stop to #btc for an onslaught of 30 days, and bulls held there cool.
#BTC
#Cryptocurrency
#420Investments
Comment:
$BTC is looking strong!
Comment:
+131% so far! & Looking Good!
Trade active:
Btc has been on a tear!
420Fam