Last night (12/10/21) CPI data came out reporting a 6.8% increase. This is exactly what I had predicted as I've mentioned multiple times prior on other platforms. However, I am here to say that it is FAKE! In a couple of months the true CPI data of today will "unexpectly" show up. Markets will freak out and you will end up becoming a bag holder like 90% of retail...
We are currently seeing a clear double top on the monthly time frame. If we were bullish we'd break through ATH with ease. If you study this exact common price action, you would know statistically we are going to trend downwards for at least a couple months (probably ~3m). I know this is difficult to hear and even for me I wish this were not the case, but we are...
We are seeing a very bearish weekly pinbar for Bitcoin right now. I am projecting a retracement down to the 61.8% fib, which is around $51k and is also where I will start adding to my long term long position. I see ~$51k the lowest you can ever buy Bitcoin ever.
This is not financial advice. Trade and invest at you're own risk. Good luck.
-MP
I don't mean to scare anyone, but the 1.618 fib is at around $11k.
Those that use this as an opportunity will reap the reward late 2023
That's all.
GL
-MP
It wasn't until March of 2020 that this investing frenzy trend had started to take off.
If we are currently in a bear market many new millionaires will be made by 2023-2024.
Get ready to buy the dip like never before. Just like we did in March of 2020.
$15k or $100k?
#BITCOIN
We are currently seeing a possible repeat of the previous Wycoff distribution event. I am targeting at least $33,800. Invalidation if we break above $45,200. Worst case scenerio we breakdown to the previous ATH at $25k
