Ok. It looks like this is it. We had a longer than expected rest so more strength to be exhibited in the rise. Shifting target from 90k to 150k by years end.
Tesla will no longer accept Bitcoin due to environmental concerns. Elon 'looking' for an alternative crypto, then hinting at Doge in his latest tweet. What began as a joke, is NO LONGER A JOKE AT ALL. And should be taken very seriously at this point.
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Tesla will no longer accept bitcoin citing environmental concerns. Looking for a different cryptocurrency. Elon hinting to Dogecoin. It may have began as a joke but it's NO LONGER A JOKE.
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Corporations have begun accumulating for thier balance sheets, but the lump of these purchases will probably take place between the 50-60 daily EMA's. It looks like we will continue stair-stepping down until that point. May take a week or two with some bouncing around in the meantime.
Ejecting this amount of new cash into the market without causing a ballistic...
As expected the bulls pushed back at the heavily protected support line. Nice bounce currently playing out, but the bears will clearly come back down again with a vengeance, to test and retest in an effort to break support.
In essence this isn't a war between bears and bulls rather this is high-class industrial manipulation as stated earlier, the big money trying...
This seems to be a repeat of early January when institutions are trying to get in at decent positions. We will bounce around a little for the next few days and weeks, maybe see some more green candles and lower highs. But the overall movement seems like a clear step-down to the low 40k's.
We may break the 20d EMA this weekend or early next week.
We should...
The 20 EMA turned red, ribbon is contracting, support is weakening. Expect some green candles in the process, maybe lower highs, but the length of candles will get smaller as the heat turns down, volume remaining relatively low, we will see some bouncing around but it seems like this is a clear stair step to lower levels before a new burst to ATH's after this is...
Historical and crucial test of ETHs backbone in the coming days and weeks. If we close below 1380 we'll be looking very closely at 1k. Like BTC this is all only temporary. Big corporations are trying to get a good position, question remains how much will try to brutally destroy the retailers in the process.
If this is a repeat of Jan 8, we entered into a 3 week stair-step to 50-60 day EMA. 40k is rock solid support. Perhaps Yellin is helping big institution get in at a good position. This may last for 3 weeks, but more likely it will be quicker this time. Follow the smart money and spread your buy orders around 40-43. This will be a springboard to the high 90k's in...
