PANIC!! BITCOIN IS DUMPING AGAIN!! ALL OF THE FUNDAMENTALS AND BULLISH CHARTS WERE WRONG!! $11K INCOMING!!! Hahaha... NO.
Understand what it is we are doing. We are accumulating generational wealth for our families and communities. We are supporting an open, borderless, uncensorable monetary system for humanity. This is big stuff happening and it's not going to be easy all the time.
As I have said many times, arcs can be redrawn until the arc wall is confirmed. It is not confirmed yet. Today we can only look at what's possible, what is most likely given the information we have. This is my best interpretation. The upper wall of the arc follows the trend line given by the two previous all time highs.
There is still room for a wick down to $37K that will be bought up fast. But, overall the trend has reversed and will be bullish for the next few months. All time high timeframe delayed from mid-May in my previous post to June.
Good luck and enjoy these fun times!!
Understand what it is we are doing. We are accumulating generational wealth for our families and communities. We are supporting an open, borderless, uncensorable monetary system for humanity. This is big stuff happening and it's not going to be easy all the time.
As I have said many times, arcs can be redrawn until the arc wall is confirmed. It is not confirmed yet. Today we can only look at what's possible, what is most likely given the information we have. This is my best interpretation. The upper wall of the arc follows the trend line given by the two previous all time highs.
There is still room for a wick down to $37K that will be bought up fast. But, overall the trend has reversed and will be bullish for the next few months. All time high timeframe delayed from mid-May in my previous post to June.
Good luck and enjoy these fun times!!
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Well.... my smiling face has turned into a bloody mouth. We are getting a long consolidation just below my range low. Now is time to just watch and see if it breaks back into the range or validates the $12-20K bears.
Missed this one badly. Perhaps blinded by hopium and conviction in the long term case for BTC. Learning experience.
Missed this one badly. Perhaps blinded by hopium and conviction in the long term case for BTC. Learning experience.