Money Man has patiently been waiting for the previous analysis’ Green Target 3. The money is in the sitting. But this is a luxury that you can only afford once you are not too close to the price, ie there is money on the table that you can lose – paper profits.
This ties in well with where we are now. Everybody is talking about the futures opening. Futures has been used by the previous men in power to depress the rocketing price of Bitcoin, so it is a set strategy and logical too, that the ability to short at scale and safely so, depresses price. The reason Money Man links this with staying away from the price with paper profits is clear in that we have such a congestion of blocks. The only real space is between Red and Green Targets 2 and 3. Things will most probably heat up so much beyond Red and Green 2 that even the big money will have to dodge the stampede.
Conclusion: Patience is a virtue. It is so easy to say, as we all know that doing or saying nothing is often the right thing to do, but once it is not, you do not generally get another chance to do things over without bleeding. One way to deal with this is to think about where the price will have so much momentum that even the contrarians will have to change their tune. Very Important to me: Please like if you appreciate the effort (those who do, make this analysis happen), Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
This ties in well with where we are now. Everybody is talking about the futures opening. Futures has been used by the previous men in power to depress the rocketing price of Bitcoin, so it is a set strategy and logical too, that the ability to short at scale and safely so, depresses price. The reason Money Man links this with staying away from the price with paper profits is clear in that we have such a congestion of blocks. The only real space is between Red and Green Targets 2 and 3. Things will most probably heat up so much beyond Red and Green 2 that even the big money will have to dodge the stampede.
Conclusion: Patience is a virtue. It is so easy to say, as we all know that doing or saying nothing is often the right thing to do, but once it is not, you do not generally get another chance to do things over without bleeding. One way to deal with this is to think about where the price will have so much momentum that even the contrarians will have to change their tune. Very Important to me: Please like if you appreciate the effort (those who do, make this analysis happen), Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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