In my last idea about Bitcoin I've been talking about a thought experiment about BTC. Here is the picture of it. For some reason I'm starting to like my little thought experiment.
This is how to fix this range. Punish the shorters. Challenge the longers. Make investors like reaccumulation-like range. Finish with an overthrow.
So we will see.
This is how to fix this range. Punish the shorters. Challenge the longers. Make investors like reaccumulation-like range. Finish with an overthrow.
So we will see.
Note
And you know the next thing. "Nah, it's not possible to go back to 40k."Note
Fundamentally I don't like Bitcoin. In the long run, we'll get rid of Bitcoin. I'm sure there are good traders out there who wish to see Bitcoin below 10k and they have their theories and everything. Bitcoin is good at one thing. Taking money from impatient traders. In my opinion, for now, in this conjuncture Bitcoin trades like a true CHAD. Change that if you can. Or don't fight it until everyone is 100% sure it's going to $1M.
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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.