I will admit it.. I was dead on wrong in my latest post. Being nearly flawless in all my other analysis. The post before this was my first wrong. All other calls have been dead on. Luck or a good analysis or just both, I don´t know.
Im pulling back being bullish, even tho a halving is coming in May.. This Black Swan event with Covid 19 and everything just totally changed the game.
Im in a neutral position right now.
For the time being I believe having patience with stacks on the sideline might be a genius idea or it could be the dumbest move done in a long time.
Putting speculation aside tho.. Looking more objectively on the trajectory of BTC, we can see that the crash of december 2017 is still lurking in the dark.
Take a look at the how smooth the top trendline from 2017 is still not broken. Only if BTC will break this significant area of super resistance, we might witness the strength of BTC again. On the other hand we might just aswell see BTC fizzel out over time below the trendline.
Trade carefully.. I would in this case scale in slowly and only midterm for now taking profits now and then.
Don´t get emotionally attached to the halving, this time might not repeat history. Only time will tell..
Safe trades.. Regards Mr. Project.
Im pulling back being bullish, even tho a halving is coming in May.. This Black Swan event with Covid 19 and everything just totally changed the game.
Im in a neutral position right now.
For the time being I believe having patience with stacks on the sideline might be a genius idea or it could be the dumbest move done in a long time.
Putting speculation aside tho.. Looking more objectively on the trajectory of BTC, we can see that the crash of december 2017 is still lurking in the dark.
Take a look at the how smooth the top trendline from 2017 is still not broken. Only if BTC will break this significant area of super resistance, we might witness the strength of BTC again. On the other hand we might just aswell see BTC fizzel out over time below the trendline.
Trade carefully.. I would in this case scale in slowly and only midterm for now taking profits now and then.
Don´t get emotionally attached to the halving, this time might not repeat history. Only time will tell..
Safe trades.. Regards Mr. Project.