It's been 9 months since my call for 6k in early January 2018, which played out incredible accurate. It looks clear that this 6k floor, which was already established January, is as deep as the big boy marketmakers/whales wish to take it.
There's no doubt BTC is a highly manipulated and cornered market. Considering the assets marketcap lets not forget how little overinflated FIAT currencies it takes to pump BTC, and how much of it is available. Whales have not been offloading massive positions just to exit the game and find a new hobby. They have exited positions to reenter at the cheapest possible price. Well this is it in my optic.
Several bullish factors pointed out on the chart. The whale accumulation part is without doubt a fact. I have personally witnessed a entity buying over 30.000 BTC on bitfinex and withdrawing it from their cold wallet. Coincidence or not, someone bought it and withdrew it.
I'm looking for an final target of 12k, playing out in the form of 5 waves. But a different structure is possible as well. a new parabolic run straight out of this bear zone wouldn't surprise me.
Bull bullets
ICE _Bakkt exchange launching soon
Major support established at 6k floor
Major trendline resistance is broken and retested as support
Weekly MACD bull cross coming up
ATH margin short positions big crypto pairs, ready to squeeze
Btw if 5.7k levels go, this idea is invalidated.
Good luck, and remember: This game is not about how much you make. This game is about how much money you can hold on to after you make it.
A blind monkey can size up a leveraged position and get lucky. Speaking from personal experience.
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It is starting
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Breakout imminent
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Almost ready for the breakout
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Looking good, breakout monday
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Looking great, here comes the bullrun.
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8.5k next week.
Đóng lệnh: dừng lỗ
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Its rekt, we going to 4.8k and then probably 3k.
Global recession is not going to make things any better.