I've seen one other TA notice this parabolic base forming (pink area) which I believe we'll be exiting over the next few years. Maybe it will happen this bull cycle. However, I think it's also possible that this bull cycle will be somewhat lackluster, not exceeding $150k, before correcting down to the 80's with wild volatility. I think this will shake out A LOT of investors and now that we have the likes of Black Rock et al in the mix, it's my theory that they don't want us in at the bottoms they want us in as their exit liquidity. When BTC does exit this formation and is supported above it very briefly, we're going to see the proverbial 'god' candle with absolute vertical movement. This will likely be nation states and corporations finally having the eureka moment. And it will occur during the 'usual' bear market.
As the title states, this is a conspiracy but it seems like a very plausible scenario. Of course there's fundamental theory laced in with TA which I shouldn't do here but we're living in wild times. Am I stupid? Let me know!
As the title states, this is a conspiracy but it seems like a very plausible scenario. Of course there's fundamental theory laced in with TA which I shouldn't do here but we're living in wild times. Am I stupid? Let me know!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.