BTC HALVING UPDATE 2
Remember the halving chart that I shared with you on 22nd of July?
Those who have not seen/studied the bloodbaths in the last bull run back in 2017, well this is another explanation for you!
A friend of mine from TradingView "CryptoidiotQ" pointed out price memory event in my halving chart. And after doing my own digging, I think he might be up to something.
I have marked the area in this analysis and you can see a BIG RED CIRCLE in both halving periods. The CIRCLE indicators SHAKEOUT in the market. After a period of SHAKEOUT we can see a boost during both periods (2012 & 2016)
Shakeout 2012 Halving:- 7 months
Shakeout 2016 Halving:- 4 months
Shakeout 2020Halving:- ?? months
This shakeout wasn't seen in 2020 Halving so is it possible that the phase we are in is SHAKEOUT? COULD BE!!!
Shakeout:- Is a situation in which many investors exit their positions in a stock or market segment at the same time, often at a loss
Remember the halving chart that I shared with you on 22nd of July?
Those who have not seen/studied the bloodbaths in the last bull run back in 2017, well this is another explanation for you!
A friend of mine from TradingView "CryptoidiotQ" pointed out price memory event in my halving chart. And after doing my own digging, I think he might be up to something.
I have marked the area in this analysis and you can see a BIG RED CIRCLE in both halving periods. The CIRCLE indicators SHAKEOUT in the market. After a period of SHAKEOUT we can see a boost during both periods (2012 & 2016)
Shakeout 2012 Halving:- 7 months
Shakeout 2016 Halving:- 4 months
Shakeout 2020Halving:- ?? months
This shakeout wasn't seen in 2020 Halving so is it possible that the phase we are in is SHAKEOUT? COULD BE!!!
Shakeout:- Is a situation in which many investors exit their positions in a stock or market segment at the same time, often at a loss
Note
EDIT: We did see a ridiculous amount of money out of the market in 2021. I will cross check with 2012 & 2016 money in and out of the market to confirm the SHAKEOUT
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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.
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.