The number one thing to understand about what's about to happen is this: Bitcoin is not bullish. Bitcoin is not bullish, but price is going to go up. It goes up for the same reason that the knife on a guillotine goes up before it drops and severs heads.
You shouldn't have faith in cryptocurrency. Whatever brought it to this world, it is not what it once was. If you were around during the 2016 bubble, you would understand the dirty things that happened in the sphere and what the installation of CBOE/CME regulated futures meant for the market. In short, crypto was given the gift of being embraced and having a hand extended to it before it ultimately is extinguished.
There are many asset classes that actually have real world use and real world value. There is silver, gold, oil, natural gas, forex, stocks, bonds, ETFs... why waste your time "HODLing" a fantasy that exists only in the minds of people who don't and can't hold functioning jobs, people who aren't respectable and contributing members of society.
Digital currency has a lot of drug running, human trafficking, and mob connections to it. Much of it is also connected to the Chinese Communist Party, and if you don't do your part to do something about the Red Scourge of Chinese Communism, you'll find yourself in an unbearably cold winter that you cannot endure and have no hope of redemption from.
Regardless, Bitcoin never sees $12,000 again. Where the real bullseye is is under the $3,500 double bottom, but it won't get there in a straight line. You will be given many dips to buy and many false moons to buy the top on.
If you can get long around $10,500 again, then excellent, but I wouldn't count on it for much of what is about to happen is designed to injure short sellers, especially those who didn't take profits at $9,800 and $10,200 and are waiting for the big short to pay off so they can brag to their friends.
What's hard about getting long anywhere else is where do you put your stop? On the way to $11,600 there's going to be more than one shattered floor wick meant to help you "manage your risk".
Never forget: Bitcoin is not gold. Bitcoin is even less valuable and useful than iron pyrite. Make sure you dump your spot bags before regret torments your heart.
You shouldn't have faith in cryptocurrency. Whatever brought it to this world, it is not what it once was. If you were around during the 2016 bubble, you would understand the dirty things that happened in the sphere and what the installation of CBOE/CME regulated futures meant for the market. In short, crypto was given the gift of being embraced and having a hand extended to it before it ultimately is extinguished.
There are many asset classes that actually have real world use and real world value. There is silver, gold, oil, natural gas, forex, stocks, bonds, ETFs... why waste your time "HODLing" a fantasy that exists only in the minds of people who don't and can't hold functioning jobs, people who aren't respectable and contributing members of society.
Digital currency has a lot of drug running, human trafficking, and mob connections to it. Much of it is also connected to the Chinese Communist Party, and if you don't do your part to do something about the Red Scourge of Chinese Communism, you'll find yourself in an unbearably cold winter that you cannot endure and have no hope of redemption from.
Regardless, Bitcoin never sees $12,000 again. Where the real bullseye is is under the $3,500 double bottom, but it won't get there in a straight line. You will be given many dips to buy and many false moons to buy the top on.
If you can get long around $10,500 again, then excellent, but I wouldn't count on it for much of what is about to happen is designed to injure short sellers, especially those who didn't take profits at $9,800 and $10,200 and are waiting for the big short to pay off so they can brag to their friends.
What's hard about getting long anywhere else is where do you put your stop? On the way to $11,600 there's going to be more than one shattered floor wick meant to help you "manage your risk".
Never forget: Bitcoin is not gold. Bitcoin is even less valuable and useful than iron pyrite. Make sure you dump your spot bags before regret torments your heart.
Trade active:
$10,550 will do.
Comment:
You can expect a big time buying opportunity, most likely under $10,275. If you're long over $10,500 I'd very much suggest taking profit on 75% of your position and moving your stop farther back from $10,120. The makers are very likely to run it and form one huge double bottom for the big bear pump.
Comment:
It's coming. Dump your spot and get out of the market. Hedge short isn't enough.
What comes afterwards is a gap that never comes back.
What comes afterwards is a gap that never comes back.
Trade closed: target reached:
There you go. Take advantage of what little time you have to get out of the market.
These prices will never come back.
These prices will never come back.
It's not even October.