This is the bit they call leading bulls to the slaughterhouse
- Past performance does not indicate future gains - Indicative of economic bubble -Swarms of uneducated in financial markets, young investors acting irrationally with investments
Okay, So you may say but basil, you are drawing replicate boxes from the past, don't be so hypocritical!
I can explain - By assuming continuation here is disregarding the basic dynamic of a market cycle. If you look back at my previous work i mention a lot of cyclic repetition, a phase cryptocurrency markets enter due to basic support and resistance of previous price action giving the mirage of a similar pattern enlarged.
One thing we can understand is that as markets and therefore active participants grow in size, the infrastructure has no choice but to expand and accommodate the extra demand. therefore the chart should reflect this. We can see an increase in size so that ticks a box.
Fiat on/off ramps come when it benefits the business/exchange - not the end user. Why allow someone to buy an asset which is so called scare if you have alot of money and know its destiny? Essentially, we could call these entities offering such services at specific times the pied pipers of the industry, opening the gates for thou to join and break bread with them. Bulls will argue this is adoption.
Another thing to note if you were not aware was the creation of USDT. cross reference this to the price action of btc and it becomes clearer the USDT blow off killed btc and dis enabled potential cyclic repetition to the upside for the time being. Bulls will disregard this all-together as ''FUD'' and focus on drawing upside targets of similar velocity to that of $0.02 to $20,000
Join the herd and line the Elite pockets under the smokescreen of decentralised finance and assumption of freedom and deflation that comes with, LONG BTC!
Basil
Operación activa
⋅
Pulled the trigger just shy of 12K at the time of making this chart plus a call out in Main. Looking at the red line below to initiate support if we are to continue with upside from here, and upon a break the buy target for a BOUNCE not long would be around the green box. Counter trade at your own risk
Basil
Comentarios
⋅
First Target Hit.Looking for a dead cat around here somewhere.
Orden cancelada
⋅
No choice but up in symmetrical triangle breakout
Comentarios
⋅
''Ground Control to Major Tom Ground Control to Major Tom Take your protein pills and put your helmet on
Ground Control to Major Tom Commencing countdown, engines on Check ignition and may God's love be with you
This is Ground Control to Major Tom You've really made the grade And the papers want to know whose shirts you wear Now it's time to leave the capsule if you dare
This is Major Tom to Ground Control I'm stepping through the door And I'm floating in a most peculiar way And the stars look very different today
For here Am I sitting in a tin can Far above the world Planet Earth is blue And there's nothing I can do
Though I'm past one hundred thousand miles I'm feeling very still And I think my spaceship knows which way to go Tell my wife I love her very much she knows
Ground Control to Major Tom Your circuit's dead, there's something wrong Can you hear me, Major Tom? Can you hear me, Major Tom? Can you hear me, Major Tom? Can you....
Here am I floating round my tin can Far above the Moon Planet Earth is blue And there's nothing I can do''
I’ve been thinking this is a fake bull run ever since the price jumped from 3k Ish to $4-5k Ish in a matter of 15 minutes.
nDman_sk
⋅
I said this 3 month ago:
Maybe it not go that low but now we are at end of bear market's bull-run (wave B of big ABC correction ), price will go so much deeper. But not too fast, for some weeks price will consolidate in 8k-12k range.