MichielVan_Kets

MichielVan_Kets Updated 

it's just a correction ... BTFD !!

MichielVan_Kets Updated 

bitcoin needs stability, but ... people are emotional, so while bitcoin wants to stay on the long term median trend line, you bozo's keep fomo'ing it to peak ... and then it drops and you're all crying

MichielVan_Kets Updated 

no matter what happens ... whether we go for another fomo bull run or not ... it will always seek balance; the higher we go now, the lower we will drop later on this while it could also just stay within the trendlines and grow steady, stable ... healthy ... rational ... but people being crazy and all, I guess the markets will do what they usually do; the...

MichielVan_Kets Updated 

we're not at #1, we're at #2 ... yes, we're on a long term upwards trend, but that doesn't mean it will shoot to the moon tomorrow

MichielVan_Kets Updated 

the lines are supposed to be obvious enough so you don't need 1.500 words to get the point ;-)

MichielVan_Kets

1 last little step down, nothing to do with bitcoin tax cuts without spending cuts don't work, especially not if they spend even more than ever, which is exactly what trump and the republicans did, which is why the deficit blew up even more than ever, which is what popped the debt bubble and caused the crash in march 2020 you know ... EXACTLY the same thing as...

MichielVan_Kets Updated 

whenever it peaks; that's not healthy, it's supposed to grow steadily, bitcoin is supposed to be a currency, wild volatility is not good for a currency, it's needs stability ... it will still peak and drop as it always does, but ... along the long term trend line ... that should be obvious by now ... keep buying small amounts weekly and #hodl until you don't...

MichielVan_Kets Updated 

obviously I tuned them a bit, made them more refined to follow up on a shorter time frame ... but those are still the same lines ... fibonacci channel; 2 highest points and the lowest point ... spot on; all the time I find them very reliable;

MichielVan_Kets Updated 

slowly but surely ...

MichielVan_Kets Updated 

taking the stairs up and the lift down

MichielVan_Kets

somewhere in between 2022 and 2023 it will be in between 300k and 500k ... roughly ;-) it looks like it's about to go for a little fomo bullrun, but for sure we'll get more than 1 BTFD opportunity along the way, and once it has peaked, the drop bounce, drop bounce is in fact the best time to speculate

MichielVan_Kets

sideways until the $12k hits the long term median trend line, as it always does and then it jumps 1 level up ... sideways ... jump ... sideways ... jump ... peak peak ... crash ... bounce crash bounce crash ... and then back to the long term median trend line, as it always does don't forget to take profits along the way !!

MichielVan_Kets Updated 

we were about to go for a bull run, but because Trump did tax cuts without spending cuts; he inflated the debt bubble to the point that it's popped, so ... because bitcoin is still too small to see the reverse effect ... it's going to take a year ... we'll be back in business by next year March 2021 what? of course I'm just wildly guessing ;-)

MichielVan_Kets

boing boing

MichielVan_Kets

I don't think there's really much of a correlation between the dow jones and the bitcoin price, except of course when there's some major event; everything is effected right now, so ... for now it will actually look rather similar to the stock markets; sluggish; they prepped it up real good with their freshly printed trillions, but ... the real economy is in f'ing...

MichielVan_Kets

just saying ...

MichielVan_Kets Updated 

so close ... of course they're printing tether like the fed is printing fiat, so ... will they make it? will they break $11k? as that might be enough to push it to $14k, which should be enough to not just push it passed $20k but all the way up $100k ... how much more tether can they print until people start to withdraw their assets from the exchanges ?!?

MichielVan_Kets

1) because you bunch of fomo bulls were trying to skip this part 2) by going straight to this part 3) which is why I'm going to keep you reminding you about YOUR fomo bull run in 2019 4) we're going to end up here meaning ... if it wasn't for that fomo bull run from last year, this would be the start of the new bull run, but ... instead we're going to have the...