About meI'm the author of the Philosophy of Capitalism series.
Just looking at the chart published in February, and we can see that 78$s is the next target.
I don't see 78$s holding and we should go to 100 bucks---which would mean the reset is a given.
Reports from the periphery of financial distress and entrenching poverty; which will be exacerbated by higher oil prices as the months go on.
I have added to my short position from 36,500 and am expecting a retest of the local support at 35,500.
Just to let you know, that I'm having fun as a trader, I'm not taking this overly seriously. I started this run on Thursday morning with 250 bucks on my Binance Futures wallet - I'm practicing trading futures contracts for the first time.
I got up to 2500...
I've been shorting since 58.5 k
We punched in a lower high, bounced off the support line last night because the bots closed their shorts.
Today, I don't think they'll close, and we should break down to complete the structure.
So we're in a rising wedge on the 4hr and should drop to put the bottom in at 28.5k area.
This bottom should be a green daily reversal candle; after which shorts will be closed and we should pop up to 45k+ area. Then down to 20k.
I told the Illuminati ... "hey guys, one way to trigger the Reset is to collapse Crypto... " and now I'm like a God or something because today Binance discontinued leveraged trading (and screwed me ,,, and lots of other traders ..oh well (At least I still have the dole))
I just had a look at ADA and it's had a great run up, so I'm going to do a positional short and long ADA Down --- seems to be in a bullish descending wedge --- just going to hold for a while and see where it goes.
My first target is 1$.
So I'm still in my positional short of Bitcoin, I've been shorting since 58.5k and have held my short since early April. That's an amazing 6 weeks now :) I've found positional trading to be a nice break from active short term trading. Short term trading is more profitable, but it gets a little draining after a while. So one way to recharge the batteries is to hold...
I was imagining a really cool way to initiate the Reset, and one vector that came to mind was a crypto flash crash to zero.
Now, I know what you're thinking, you're going to jump up and down and say that's not possible. But it is, and we have an example just last year when Link flash crashed to zero. Why did it flash crash to zero? Because a sudden price drop...