Bitcoin | Extra Ordinary Times
Updated
A few months ago, Bitcoin experienced a near-death situation.
Very few of us realized the importance of that event, and the risks that were involved.
And now, even though Bitcoin has moved far from the bottom, it is still on the edge of a blade.
We have heard it on the news. Bitcoin has broken even. Everybody who has held Bitcoin is on average profitable. It is these "average" moments that are the most extraordinary.
The average Bitcoin Address (let's assume that 1 address = 1 trader) is in a precarious spot. The wealth accumulated in Bitcoins has been growing inside a bearish wedge pattern. Now, an important trend shift may be playing out.
The wealth in each traders' account looks poised to drop. It has been a good decade fellas!
The lesson for today: don't be like Bitcoin. Always remember to watch your step.
BUH-BYE
Very few of us realized the importance of that event, and the risks that were involved.
And now, even though Bitcoin has moved far from the bottom, it is still on the edge of a blade.
We have heard it on the news. Bitcoin has broken even. Everybody who has held Bitcoin is on average profitable. It is these "average" moments that are the most extraordinary.
The average Bitcoin Address (let's assume that 1 address = 1 trader) is in a precarious spot. The wealth accumulated in Bitcoins has been growing inside a bearish wedge pattern. Now, an important trend shift may be playing out.
The wealth in each traders' account looks poised to drop. It has been a good decade fellas!
The lesson for today: don't be like Bitcoin. Always remember to watch your step.
BUH-BYE
Note
Altcoins are into the freezer.It is either that the crypto world is facing a crisis, with the big ones hanging on...
... or that a new crypto bubble is about to be born.
Ask yourself, crypto is an uncontrollable banking system.
Is it in the interest of the FED for a crypto market to become massive?
In the end, which banking system wins? The CBDC one or the Crypto one?
Note
The most important bearish signal I have seen on Bitcoin.Note
Note
Not necessarily the recipe for success...Note
Bitcoin has to violate the long-followed logistic curve.Only then there will be maximum fear.
Then we can talk about more growth.
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