Bitcoin is going to complete its "parabolic" ascent into unknown price territory soon, likely trapping you all in the process and taking your money if you panic sell - how else do you think liquidity is created? Anyway, looking at this chart we can see that the actual bullrun took place months ago. It was short lived because there are so many well positioned traders with large groups of people likely taking the same trades, that there just simply wasn't enough liquidty to go around, hence the blowoff top we were expecting didnt materialize because there simply wasnt the liquidity to match the sell orders. Those orders are probably still there. From here, we are being told to accept that this is in fact the actual bullrun, even though it is quite clear we are nowhere near the strength of the initial push. There is strength up to 40k however which is why I don't think we will see below there again for some time, 48k being the lowest before we get a bounce to 91000. Taking how the RSI can put in a lower high while price makes a higher high, push to 90k creating a bearish div seems the most likely outcome to me.
When you see peeple on Twitter telling you "its going to be a big week" remember that it is the following week that matters more. As i mentioned at the beginning, how else do you engineer liquidity? Perhaps making grande announcements on Twitter and creating general positive sentiment before squeezing the noobs out of there positions. If people knew the crap that goes on in this market I doubt 90% of people would even bother coming near it. Instead, you are presented with furry dogs, kittens and frog memes, where nobody has to face consquences for their actions, essentially like an actual playground. But don't be fooled, you're dealing with savvy operators who simply could not stand the rules and regs in tradfi so jumped ship. Betweeen themselves and the viral marketing crowd, to say you are swimming with the sharks when entering that market would be somewhat of an understatement. Notice that when many charts are put on CT there is an instant dumping of the price, simply because you are filing the bags of your favourite guru or he is simply dumping his shitcoin on you at resistance. This is the kind of opportunistic scum you are dealing with, so be mindful , these people are not actually your "frens".
As per the chart, markets tend to do things in 3's. One last bounce to 90k, half decent run on alts and then we'll see. Defi is going to move towards being more centralized so be prepared to see the SEC talking about regulation as we move up towards 90k. When everyone is showing off their 11 year old childs Ferrari that they won on Tiktok and you hear something related to China or the SEC, thatll be your sell signal. Long for now.
PS. Plan B's stock to flow model is wrong. Inflation does not benefit Bitcoin. QE is deflationary as well as inflationary.
When you see peeple on Twitter telling you "its going to be a big week" remember that it is the following week that matters more. As i mentioned at the beginning, how else do you engineer liquidity? Perhaps making grande announcements on Twitter and creating general positive sentiment before squeezing the noobs out of there positions. If people knew the crap that goes on in this market I doubt 90% of people would even bother coming near it. Instead, you are presented with furry dogs, kittens and frog memes, where nobody has to face consquences for their actions, essentially like an actual playground. But don't be fooled, you're dealing with savvy operators who simply could not stand the rules and regs in tradfi so jumped ship. Betweeen themselves and the viral marketing crowd, to say you are swimming with the sharks when entering that market would be somewhat of an understatement. Notice that when many charts are put on CT there is an instant dumping of the price, simply because you are filing the bags of your favourite guru or he is simply dumping his shitcoin on you at resistance. This is the kind of opportunistic scum you are dealing with, so be mindful , these people are not actually your "frens".
As per the chart, markets tend to do things in 3's. One last bounce to 90k, half decent run on alts and then we'll see. Defi is going to move towards being more centralized so be prepared to see the SEC talking about regulation as we move up towards 90k. When everyone is showing off their 11 year old childs Ferrari that they won on Tiktok and you hear something related to China or the SEC, thatll be your sell signal. Long for now.
PS. Plan B's stock to flow model is wrong. Inflation does not benefit Bitcoin. QE is deflationary as well as inflationary.
