BITCOIN in CRAZY Comparison With 10K - But This Time...
What up, friends! D4rkEnergY is back, and he is ready to spread wisdom to his beloved followers.
BE CAREFUL WITH YOUR TRADING
People are losing a lot of money at the moment, and it's understandable, cause this phase of the Market Cycle is hard. First of all we are facing a KEY LEVEL as 6,000 USD is, like we also did one year ago - then it was just another key level. 10, 000 USD.
Reasons why people are losing money:
1. I have warned people about going short again. There has been a HUGE disproportion between Shorts vs Longs, and the Whales ended up liquidating shorts again and again.
2. Even Longs are not safe. We have seen long wicks again and again, that have swiped out shorts and longs.
3. Increasing Bitcoin-Dominance. We went from 50% to 55.7% in BTC-Dominance in no time - that means that Bitcoin are doing better than the altcoin-market, and most alt/btc (xxx/btc) pairs have fared badly.
**So Will We Go Down Now Like We did when we hit 10k - the fractals imply that**
NO! I can with pretty big confidence say, that we will go through 6,000 USD and ABOVE. The reason is, that this time the Whales and the Smart Money will help us. They want us above.
They accumulated Bitcoin at 3,000 USD, and want us up around 6k for 2 main reasons:
1. To bait retail investors to jump on the train (the 5th wave) for hereafter and dump Bitcoin again, and take profit.
2. To make multiple Stop Hunts because 6k is Point of Control, which means that it is THE price point where most trades are generated, why we can assume, that we have a huge liquidity pool in that area, which makes is possible. Remember: For whales are liquidity alfa omega.
I hope you liked my analysis -and remember to give it a LIKE!
D4 - No1
BE CAREFUL WITH YOUR TRADING
People are losing a lot of money at the moment, and it's understandable, cause this phase of the Market Cycle is hard. First of all we are facing a KEY LEVEL as 6,000 USD is, like we also did one year ago - then it was just another key level. 10, 000 USD.
Reasons why people are losing money:
1. I have warned people about going short again. There has been a HUGE disproportion between Shorts vs Longs, and the Whales ended up liquidating shorts again and again.
2. Even Longs are not safe. We have seen long wicks again and again, that have swiped out shorts and longs.
3. Increasing Bitcoin-Dominance. We went from 50% to 55.7% in BTC-Dominance in no time - that means that Bitcoin are doing better than the altcoin-market, and most alt/btc (xxx/btc) pairs have fared badly.
**So Will We Go Down Now Like We did when we hit 10k - the fractals imply that**
NO! I can with pretty big confidence say, that we will go through 6,000 USD and ABOVE. The reason is, that this time the Whales and the Smart Money will help us. They want us above.
They accumulated Bitcoin at 3,000 USD, and want us up around 6k for 2 main reasons:
1. To bait retail investors to jump on the train (the 5th wave) for hereafter and dump Bitcoin again, and take profit.
2. To make multiple Stop Hunts because 6k is Point of Control, which means that it is THE price point where most trades are generated, why we can assume, that we have a huge liquidity pool in that area, which makes is possible. Remember: For whales are liquidity alfa omega.
I hope you liked my analysis -and remember to give it a LIKE!
D4 - No1
Note
Sorry for all the noise with the indicators. Here is the chart withour themNote
Boom! Here you can see, what will happen MidTerm. How we will go through 6k. How Retailinvestors will be baited into buy expensive, and how Whales then will Sell and Dump the price again.Remember to give a like!
Note
My ADIVICE FOR YOU:Don't Short - You have the Whales against you!!
Here we have zoomed in - ths most likely scenario so far, whcih at the same time get the job done by the Whales/Smart Money!
Note
Bulls are unstoppable!Note
Here you can see, how had this scenario for a month - make 27 %!
Note
And here you can read more about how the Whales/Smart Money think
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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.
Related publications
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.