BTC: Don't open the oven half way through.
Updated
This thing is not yet cooked. It's so exciting to see it moving upwards after so many months, isn't it?
It is a bullish sign so far according to our analysis, but looking in the oven when the pudding is trying to rise is not advisable.
This is a MONTHLY move, and they can be incredibly protracted. This one is no exception.
The volume isn't what it should be yet, also. Be careful.
Those of you who have been listening and averaged in using cash BTC like me, should be happy that we are getting a Sign of Strength.
Nothing has changed since my last essay on this subject a few days ago. I still expect a pop up above 25.5k to get the last shorts out. It could even wick up higher, but the mass of red bags around 30k isn't going away.
I still think the best way to get your money out of you would be a pop as above, followed by a series of dips that look very buyable. Those of you not puffed in at the top will buy these dips instead if you aren't careful. There will be another drop to beat the stuffing out of you afterwards.
You may notice I use two (different) price inputs and divide the sum by 2 to get an average that smooths out price and makes volume more accurate.
Public Service Announcement:
(This should be a Public Financial Health Warning)
The moonbois are out there with their mouths open, try not to let your animal instinct take over. You have a brain, use it. The video on the left is basically an ad for BuyBit. Go ahead and watch it and then say I am wrong.
The psychology is simple: Tell the people what they want to hear, and give them an avenue to spend their money. Win or lose, he makes money. You? He isn't bothered if you do. The solo video was from only 6 days ago. How did THAT make you feel? Bullish? See how he inflated the price axis to make it seem more extreme?
You all remember the bull times in BTC and how it ran off and you had to hold your breath and believe? That's the memory the big boys want you to have, and they will take advantage.
It is a bullish sign so far according to our analysis, but looking in the oven when the pudding is trying to rise is not advisable.
This is a MONTHLY move, and they can be incredibly protracted. This one is no exception.
The volume isn't what it should be yet, also. Be careful.
Those of you who have been listening and averaged in using cash BTC like me, should be happy that we are getting a Sign of Strength.
Nothing has changed since my last essay on this subject a few days ago. I still expect a pop up above 25.5k to get the last shorts out. It could even wick up higher, but the mass of red bags around 30k isn't going away.
I still think the best way to get your money out of you would be a pop as above, followed by a series of dips that look very buyable. Those of you not puffed in at the top will buy these dips instead if you aren't careful. There will be another drop to beat the stuffing out of you afterwards.
You may notice I use two (different) price inputs and divide the sum by 2 to get an average that smooths out price and makes volume more accurate.
Public Service Announcement:
(This should be a Public Financial Health Warning)
The moonbois are out there with their mouths open, try not to let your animal instinct take over. You have a brain, use it. The video on the left is basically an ad for BuyBit. Go ahead and watch it and then say I am wrong.
The psychology is simple: Tell the people what they want to hear, and give them an avenue to spend their money. Win or lose, he makes money. You? He isn't bothered if you do. The solo video was from only 6 days ago. How did THAT make you feel? Bullish? See how he inflated the price axis to make it seem more extreme?
You all remember the bull times in BTC and how it ran off and you had to hold your breath and believe? That's the memory the big boys want you to have, and they will take advantage.
Note
Just because we came off 8% after I said don't buy it, does NOT make me a genius who made the right call, so let's go short.Be patient. There can easily be another wick up.
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THE CITY TRADERS: thecitytraders.com/?aff=9
Discord: discord.gg/Ma7SnExcWA
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