Never has an asset extended its value as quickly as Bitcoin. Essentially hitting the moon shortly after its inception, Bitcoin continues to fail in reaching new significant highs. What seemed like a recent breakout of the top level, historical trend-line brought major excitement for eager bulls. Not to disregard the additional trend wall to the right, sellers are still very much in play.
Despite the halvening, despite the crazy amount of inflation in USD, despite the FOMO'ing of Permabulls, the staunch resistance up ahead remains. With very little momentum to sustain the direction, look for price to continue its fall throughout the next few months.
Considering how intensely passionate Permabulls are about Bitty. Let't not expect a quick drop but a long lasting one nevertheless. This is the season where Pumps get sold, all season long. Find your position and short your muthafuckin engines.
Despite the halvening, despite the crazy amount of inflation in USD, despite the FOMO'ing of Permabulls, the staunch resistance up ahead remains. With very little momentum to sustain the direction, look for price to continue its fall throughout the next few months.
Considering how intensely passionate Permabulls are about Bitty. Let't not expect a quick drop but a long lasting one nevertheless. This is the season where Pumps get sold, all season long. Find your position and short your muthafuckin engines.
Trade active
Long until $11,450. Prepare for the short of a lifetime.
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.