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NOT INVESTMENT ADVICE - PLEASE LIKE AND SHARE!
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Price Action tells a story:
If the trend is your friend then the "Mother of All Trendlines" in crypto could be the best friend you'll ever have in your life.
This parabolic adoption trend line that runs the length of the log chart is what the "real" price of Bitcoin is. This is where the "wholesale" price of Bitcoin is found.
Throughout the history of Bitcoin, large holders have accumulated near this line before causing enough FOMO to take the price much higher than it would have naturally, causing the price to "bubble up" from the growth trend line. That's where the insiders...whales, market makers, exchanges, institutions, etc. dump their bags at "retail prices" onto retail traders heads.
I've waited since summer '19 for the price to fall down to the trend line. Whales have accumulated hundreds of thousands of Bitcoin during the "crypto winter". Why would they do that if they were just going to let it sink to $1,000?
It CAN'T sink to $1,000, or even 3K. Because HODLR's simply won't let go and demand is too high from large whales hodling as well. There is too much incentive to try and take the price higher. Smart Money stands to make hundreds of billions of dollars dumping the one million coins they've accumulated during the bear market. These people aren't stupid, they're some of the smartest people in the world and they're running an operation with military-like precision to make this happen.
So no, I don't think Bitcoin is "going to 4K" and if it happens to hit 5K it would be the fastest wick you've ever seen in your life.
I'm bullish until that trend line is broken. Period.
Right now the price is riding this line. I've circled the area of interest. If the price keeps climbing along this trend line then erupts upward in the next couple of months, that will confirm the new bull run.
I believe there are three reasons for the bear market rally of 2019: it was a FOMO test to see how market participants would react, a whale money-grab, and it helped to throw off indicators and moving averages to make traders doubt themselves.
The price is currently riding the Mother of All Trend Lines at the accumulation zone.
The whales are accumulating right now, are you?
NOT INVESTMENT ADVICE - PLEASE LIKE AND SHARE!
==============================================
Price Action tells a story:
If the trend is your friend then the "Mother of All Trendlines" in crypto could be the best friend you'll ever have in your life.
This parabolic adoption trend line that runs the length of the log chart is what the "real" price of Bitcoin is. This is where the "wholesale" price of Bitcoin is found.
Throughout the history of Bitcoin, large holders have accumulated near this line before causing enough FOMO to take the price much higher than it would have naturally, causing the price to "bubble up" from the growth trend line. That's where the insiders...whales, market makers, exchanges, institutions, etc. dump their bags at "retail prices" onto retail traders heads.
I've waited since summer '19 for the price to fall down to the trend line. Whales have accumulated hundreds of thousands of Bitcoin during the "crypto winter". Why would they do that if they were just going to let it sink to $1,000?
It CAN'T sink to $1,000, or even 3K. Because HODLR's simply won't let go and demand is too high from large whales hodling as well. There is too much incentive to try and take the price higher. Smart Money stands to make hundreds of billions of dollars dumping the one million coins they've accumulated during the bear market. These people aren't stupid, they're some of the smartest people in the world and they're running an operation with military-like precision to make this happen.
So no, I don't think Bitcoin is "going to 4K" and if it happens to hit 5K it would be the fastest wick you've ever seen in your life.
I'm bullish until that trend line is broken. Period.
Right now the price is riding this line. I've circled the area of interest. If the price keeps climbing along this trend line then erupts upward in the next couple of months, that will confirm the new bull run.
I believe there are three reasons for the bear market rally of 2019: it was a FOMO test to see how market participants would react, a whale money-grab, and it helped to throw off indicators and moving averages to make traders doubt themselves.
The price is currently riding the Mother of All Trend Lines at the accumulation zone.
The whales are accumulating right now, are you?
Comment:
Well that pump happened even sooner than expected! Super bullish!
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
