MichielVan_Kets

MichielVan_Kets Updated 

we know that the pump from $4k to $5k was just that; a coordinated pump ... my guess is that it's the same people (<- whales) who tried to maintain that fake $6k bottom ... and that failed, so ... I don't think it will work now either; the next correction will not bounce off $6k to go straight to $8k - $10k ... if everybody start shorting like crazy, that...

MichielVan_Kets Updated 

if that was somebody with a lot of fiat but no bitcoins, they will dump, but ... if it's a group of whales working together to pump their 1 million bitcoins; they're not going to dump but are they just going to hope that their first 100 million was enough to start the bull run or do they know that it will need something extra to break the $7k level ... you know,...

MichielVan_Kets Updated 

1) fake $6k bottom 2) thus failed pump 3) thus harsh punishment 4) finally successful pump 5) ?!? what will they do next ?!? that latest pump was not just some new player coming in with fresh fiat, that was from the same whales that have been trying to manipulate the markets for years and finally got 1 move right ;-) how I see it, 2 possibilities; 1) the same...

MichielVan_Kets Updated 

that's a very strong channel there; 99.98 RSI and $7.8k ... it's possible ... the drop afterwards is going to be absolutely massive, but right now ... we're still burning those fomo fuels and hard all the sunday shoppers are entering the markets now, poor suckers

MichielVan_Kets

according this fibonacci guy ... if we manage to get another $120 more and hit $7.350, we might go all the way to $8500, if not ... drop to $6.5k .. and then we'll draw some more lines ;-)

MichielVan_Kets Updated 

ask me again in a few hours ;-)

MichielVan_Kets

despite the similarities, there are plenty of obvious differences between the first and 'current' bear market those people who think that we're already going for the next bull run are confusing those red lines they look similar, but they're completely different; the first red line is organic, which is why it held and after 3-4 tests we went for a bull run but...

MichielVan_Kets

just a wildy bearish draft to point out that such a scenario doesn't look too impossible ... consider it

MichielVan_Kets

world reserve currency ... that's a big deal ... this is going to take some time ... a lot of time breath in, breath out ... we're not going to the moon just yet

MichielVan_Kets Updated 

1) first bull run: 104 weeks 3) previous bull run: 120 weeks a little bit more, but not that much then ... 2) first bear market: about 90 weeks ... 4) current bear market ??? we don't know if it already ended or not ... that's the big question, isn't it, so ... so, let's assume that this bear market will last more or less the same time as the first one,...

MichielVan_Kets

first bull run; about 105 weeks vs last bull run 148 weeks, about 41% more first bear market; 60 weeks vs last bear market 55 weeks ... that's less ?!? maybe that's how it going to be, maybe next bear market will be even shorter, but ... I have my doubts; I don't think this bear market is over yet ... we have a few more months to go ... besides that I don't...