1. hype, elon musk tweets, "pumping" by institutions, etc, increased the percentage of growth (red area). Bitcoin at that time "outgrew"
2. the correction on May 19, 2021 was larger than usual and scared many. But it was a logical return to the main line of growth after the hype, tweets, Elon Musk, and "pumping" by institutions etc.
3. the estimated area of ATX. spring-late spring 2022.
4. the end of the trend will be tough and unexpected. the whales will come out quickly and in a coordinated manner.
..finally a minute of poetry, (translated from Russian)
THE MAKER
Look at the flower, and then look at the bitcoin chart, look at the flower again, and then look at the bitcoin chart. Beauty and grace, Fibonacci petals, and wonderful fractal self-similarity. A wonderful creation. There are many similar things in the world around. But who created this with his hands and wove it with his thoughts? The one who understood, became empty and weak, realized that he had not heard anything and was too stupid, and that he could not afford a shot of beauty, which, like a strange mirage after sleep, disappears in reality. And we just have to make a hard step: from dawn into darkness. In order for us to see the truth.
Wait, don't pick the flower. Let it grow a little more.
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.