Down-Trend Confirmed, Rejection and Drop to 7,500

2022年7月26日

Strong Rejection from the Upper Resistance trendline Reconfirms DEscending Downtrend of Bitcoi/usdt.

Projected Support Intersection at 7,500.

Fundamental conditions are the root causes of the continuing bitcoin plunge

1 FED Rate Hikes cause strong Risk aversion of Institutionals and Investors, and rotation into Dollar Cash.

2 Continuing wave of BAnkrupcies of Crypt-Frauds, Crypto-schemes and Pyramids only Grows and adds to Bitcoin mistrust by inestors: LUNA. TERRA, Celsius, Voyager and that list grows daily.

3 Liquidation of 140,000 bitcoins from Mt Gox by Court authorities - and anxious owners biting at the bit to finally REALIZE their Profits after years of being unable to do so.

Immediate selloff of a stash that is times bigger than the Musk selloff that caused winter collapse of the price from ATH.

Emphasis: HUNDRED THOUSAND Bitcoins DUMPED ON the Market.

2022年7月26日

注释

REMINDER:
ALL CHARTS - of ALL PEOPLE
Are POTENTIAL for EVENTS

And Such Potentials INFLUENCE the MARKET PLAYERS - IT is a Process of EXPECTATIONS INFLUENCING ACTIONS.

My chart, - ANYBODY's CHART are POTENTIALS. When You cross the street - you take into account POTENTIAL for a speeding car. When you lock the door you consider the POTENTIAL of safety. When you enter a position - it is because OF POTENTIAL EVENTS.