BitcoinShort
short set-up
Long time since my last post, hope all is well and you guys are still making profits. Bitcoin is a volatile beast now so be careful on leverage. It will crush dreams and break your heart as it is a very unforgiving chart that demands respect or you'll regret. So chart above is an inverted TD sequential throwing a 9 sell set up on the daily. I'm expecting a visit to sub 2k prices still which opens up opportunities for increased accumulation of the currency.
On-chain data suggests both small and large investors are accumulating coins in the run-up to the event. As a result, a bout of profit taking may be seen after May 12. Some investors, especially short-term traders, may sell their coins after halving, putting downside pressure on prices.
One result of the halving is it will double the cost of mining. Hence, if there is a post-halving price pullback, older-generation mining machines like the Antminer S9s would yield losses, forcing miners to scale back operations or leave the industry. Hard-hit miners may offload their holdings to cover costs, adding to downside pressures around prices.
Some miners may take advantage of the recent price rise by liquidating their crypto earnings over the next 12 days. “That will allow them to keep accumulating bitcoin post-halving,”
After the stock to flow ratio beginns to settle in at its new ratio values, and supply shocks show up in time, price projections are still in the 300k region in the long term prospective logarithmically.
On-chain data suggests both small and large investors are accumulating coins in the run-up to the event. As a result, a bout of profit taking may be seen after May 12. Some investors, especially short-term traders, may sell their coins after halving, putting downside pressure on prices.
One result of the halving is it will double the cost of mining. Hence, if there is a post-halving price pullback, older-generation mining machines like the Antminer S9s would yield losses, forcing miners to scale back operations or leave the industry. Hard-hit miners may offload their holdings to cover costs, adding to downside pressures around prices.
Some miners may take advantage of the recent price rise by liquidating their crypto earnings over the next 12 days. “That will allow them to keep accumulating bitcoin post-halving,”
After the stock to flow ratio beginns to settle in at its new ratio values, and supply shocks show up in time, price projections are still in the 300k region in the long term prospective logarithmically.
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