BITCOIN: Bull Market Incoming - But Not Now!
Now I will reveal for you, what most likely will happen from now on!
We will enter a Bull Market, BUT not when you think so. First let me tell you, why a Bull Market is under way. We are here looking at the Weekly XBTUSD Chart.
- Simple Analysis. For the first time we are starting to see Convergence. We made an IMPORTANT break this week, when we made a higher bar than the one after the Downtrend.
- We keep crusing above historical important EMA9 and EMA21.
- Our match with what we can expect also match with The Whales/Smart Moneys Plan.
The Whales Plan
The reason our Group made money, was because I among other tings figured out the Whales Plan. I spotted the huge disproportion between Longs vs Shorts, which made it easy for the Whales to steer the market to 6k and 7k and above. Dumb Money kept adding to their Shorts.
Now everything is as the Whales want. Dumb Money are starting to go long and soon retail investors will also go LONG, which you can see from my chart is on the end of the 5th Wave. That is pure bate.
When first THAT happens, the Whales will dump the price and the Dumb Money will once again get caught. We will probably go all the way down to 61.8 % and maybe below 5k to bait people to go Short.
But hereafter its too late - we have already begun our uptrend and we will continue as illustrated on my chart directly in to the Bull Market.
PS. Please give a LIKE!!
You can see how we have clear Regular Beairsh Divergence, which I in fact don't put too much weight on, but please notice how Longs and Shorts are coming together. The puzzle is coming together. Longs and Shorts are now kissing.
THIS IS MORE A WARNING SIGN.
We are at 8,000 USD with huge liquidity (and liquidity pools, which makes it perfect for whales to stop hunt in either directions). So far we have only been destroying Shorts, but now we have a perfect opportunity to kill Longs too.
And as I told you, WE will be cautious when the market becomes bullish like our FAMILY has been since we went long around 5,000 USD.
I will update you later - This is a mindgame now. And The Whales want as many Dumb Money and retailers to turn their bias now and go LONG, before they will swing the sledge hammer, and go SHORT...