Ponzi can die. why? koz it completed a bad EW pattern.
after every bitcoin halving, there was a dip and the price rallied after that dip. The math for up-move: 41x/88x=0.466 0.466*41x=19.1x The math for down-move: 0.83/0.86=0.965 0.965*0.83=0.80 ATH:73500 TFD:14500
RSI divergence looks valid. Bitcoin Funding rate has reached 0.05, which increases the odds for a successful short trade. the volume is increasing and that's what's needed for a beautiful dump and re-buy.
the chart is talking. my eng weak. have fun. . EW+GANN+Gartley is used for this simple-looking setup. this is a very high probability pattern and to be honest, it is signalling a bear market but I'm gonna assume that after the first target(0.382) we can keep heading up to new ATHs. this is based on Fib speed fans with changed numbers. ( always change the numbers...
This is officially the death of our good old buddy Bitcoin. may its creator's soul rest in peace for changing our understanding of money.
the chart is talking for itself. not much comment is needed. though even the best setups can fail. speed fans give higher confidence for trading as they predict the time as well as the price.
A 9-10% drop is considerable. so far the price has reacted nicely to the extension fib drawn. after it will drop, we will hear about some covid thing. they will let us know when it's already too late.
Will GBTC Unlock cause a huge drop? The biggest GBTC Unlock is going to happen on July 18th wherein 16,240 BTC will be unlocked. This will be the biggest unlocking event As you can see a year back we had the Historic Volatility trending to lower lows and we are facing that same trend right now. be ready for big Volatility after July 18th. make your own TA. at...