This is the most excruciating, embarrassing, market-self-inflicted excuse of a wave 5 end-of-recorrection I've ever seen. The whales consolidated between $6,500-$7,000 over the last 2 days. There is no downward pressure. There is no where to go but up.
Think about this dummies - we haven't been below $6,700 (besides the last 2 days of whale-consolidation) since November 11th, 2017. How many fucking HODL's can have a long position lower than $6,700 after the recorrection we finished 2 DAYS AGO? Anyone with large bags who bought in prior to 11/11/2017, sold their profits off long ago.
THE WHALES, THE "BOYS", THE BANKS, THE OG BTC SQUAD, THE MT. GOX TRUSTEES, AND SATOSHI FUCKING NAKOMOTO SOLD, SHORTED, OR CONSOLIDATED OVER THE LAST 3 MONTHS OF BLOOD.
We've created a self-fulfilling prophecy - FUD, FUD FUD.
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As I expected, we did not crash down to $5 or 6k. The boys picked up more BTC at the bottom, a level they determined, $6,400.
We are going to trade sideways over the next few days until we push ourselves outside of the major yearly downward bear channel. At that point you’ll all start writing analysts calling for buys, we’ll go up and everyone will forget about the time we anticipated $4-5k dips. Unfortunately, because we allowed the whales multiple opportunities to buy in the mid $6,500s, whenever they decide to sell their long positions it’s going to be a bloodbath for everyone.
@serviceleads, looks like it isnt..no offence man but but your ta is terible we just fell bellow the 50w ma....maybe it will make a double bottom at 6k, go up a little bit and than fall again....or maybe its going straight to 4800
serviceleads
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@govdo, or maybe none of that will happen and the boys will keep picking up BTC in the $6,500 range bc TAs like yours are calling for numbers like $4,800 lol