BTC Calling Bottom Elon Price Manipulation,
-In this post i will be explaining why the bull market is not over and why i am very confident this is the bottom for BTC's recent pullback.
-In the past 2 months we know that BTC has been moving sideways.
-We also know that BTC Dom Chart is dropping which is a good indicator that it is alt season.
-We saw major Pairs like ETH LINK and LTC drop draws and make people Ridiculous amounts of money. While BTC moved sideways for 2 months between the $44k-$62k, this is a large indicator for alt-season.
-Here are some Reasons on my Theory with Elon.
-Elon tweeted a few days ago saying how Tesla will no longer accept Bitcoin payments due to the fact of Environmental Reasons and they will be looking for other cryptos to accept in the future.
-ELON IS CREATING FUD AND MANIPULATION IN PRICE DUE TO HIS LARGER FOLLOWERS. YOUR TELLING ME A COMPANY WITH A MARKET CAP OF 568 BILLION DOLLARS DID NOT DUE BACKEND RESEARCH ON A INVESTMENT??? I DONT BUY THAT AT ALL.
-Elon/Tesla also announced that they have sold 10% of there Bitcoin holding to show liquidity.
-This also plays a role on how he is controlling the price. He announced Telsa has sold 10% for liq reasons and a week later he announces that Tesla will no longer be accepting BTC. This is clearly a manipulation in price and movement in the markets.
-Elon and Tesla are most likley buying this dip with that 10% they sold earlier so they can gain more BTC.
-On the TA level i have a few supports in mind We are currently testing the $44k level which is also bouncing off the Blue bullish trendline that i drew from mid December of 2020.
-This leaves me to believe that if we do now hold the $44k level that we will retested $42k and if 42k does not hold Last resort is the last Support i have $38k.
Now We recently have closed the weekly timeframe above the Bull Market Support Band which is a great sign.
Also Keep in Mind that we havent not painted any top wick yet and just the bottom another reason i am bullish.
-We have also seen the fear and greed index hit a 20/100 the lowest we have seen all of 2021.
-As far as recovery i do believe that this will take time to recover with such nasty news and major FUD seen on twitter and many crypto Community that 1 man has created. My guess is Trading Volume will be very low which means that we will see very slow movement across the board on these blue chip and mid cap coins.
-To Finalize this post i would like to say a few things.
-THIS MARKET CYCLE IS FAR FROM OVER
-You must be greedy while others are fearful and that is what is exactly happing in this market rn alot of Fear.
-I have Orders at 44k 42k as well 38k this is not the market top but defiantly a local top for a good amount of time.
-Im not selling any of my portfolio and all this fear and FUD just makes me want to buy more.
-Thanks for reading my Thoughts on the Bitcoin and if you dont know already BTC will determine how Alts perform If BTC keeps dropping Alts will drop hard and if BTC accumulates we will see some random coins pump.
-In the past 2 months we know that BTC has been moving sideways.
-We also know that BTC Dom Chart is dropping which is a good indicator that it is alt season.
-We saw major Pairs like ETH LINK and LTC drop draws and make people Ridiculous amounts of money. While BTC moved sideways for 2 months between the $44k-$62k, this is a large indicator for alt-season.
-Here are some Reasons on my Theory with Elon.
-Elon tweeted a few days ago saying how Tesla will no longer accept Bitcoin payments due to the fact of Environmental Reasons and they will be looking for other cryptos to accept in the future.
-ELON IS CREATING FUD AND MANIPULATION IN PRICE DUE TO HIS LARGER FOLLOWERS. YOUR TELLING ME A COMPANY WITH A MARKET CAP OF 568 BILLION DOLLARS DID NOT DUE BACKEND RESEARCH ON A INVESTMENT??? I DONT BUY THAT AT ALL.
-Elon/Tesla also announced that they have sold 10% of there Bitcoin holding to show liquidity.
-This also plays a role on how he is controlling the price. He announced Telsa has sold 10% for liq reasons and a week later he announces that Tesla will no longer be accepting BTC. This is clearly a manipulation in price and movement in the markets.
-Elon and Tesla are most likley buying this dip with that 10% they sold earlier so they can gain more BTC.
-On the TA level i have a few supports in mind We are currently testing the $44k level which is also bouncing off the Blue bullish trendline that i drew from mid December of 2020.
-This leaves me to believe that if we do now hold the $44k level that we will retested $42k and if 42k does not hold Last resort is the last Support i have $38k.
Now We recently have closed the weekly timeframe above the Bull Market Support Band which is a great sign.
-We have also seen the fear and greed index hit a 20/100 the lowest we have seen all of 2021.
-As far as recovery i do believe that this will take time to recover with such nasty news and major FUD seen on twitter and many crypto Community that 1 man has created. My guess is Trading Volume will be very low which means that we will see very slow movement across the board on these blue chip and mid cap coins.
-To Finalize this post i would like to say a few things.
-THIS MARKET CYCLE IS FAR FROM OVER
-You must be greedy while others are fearful and that is what is exactly happing in this market rn alot of Fear.
-I have Orders at 44k 42k as well 38k this is not the market top but defiantly a local top for a good amount of time.
-Im not selling any of my portfolio and all this fear and FUD just makes me want to buy more.
-Thanks for reading my Thoughts on the Bitcoin and if you dont know already BTC will determine how Alts perform If BTC keeps dropping Alts will drop hard and if BTC accumulates we will see some random coins pump.