Launch sequence has been initiated and Judgement Day can no longer by avoided (only delayed). With the presence of the media, we've entered the mania attention phase of the "Second Great Bitcoin Bubble".
How high? We don't know. But the next 4-6 weeks of media attention will lead fresh capital onto the previously death filled battlefield. The overwhelming influx will mean whales will soon no longer be able to cap the prices with walls and are forced to unwind their massive positions onto the willing outstretched hands of bag holders. With the aura of FOMO, liquidity will reach a new low as bears and sellers becomes an almost extinct breed. Yet at the most unexpected moment, many will be caught out of position and be destroyed in the ensuring dump of biblical proportions. In this market, bulls make money, bears make money and pigs get slaughtered. Bag holders should not enter unless they are willing to ensure excruciating pain for another four years.
If there's ever a time to max that leverage. It's now or never.
Required reading. medium.com/@mcasey08...-theory-2eed48ecf7da
How high? We don't know. But the next 4-6 weeks of media attention will lead fresh capital onto the previously death filled battlefield. The overwhelming influx will mean whales will soon no longer be able to cap the prices with walls and are forced to unwind their massive positions onto the willing outstretched hands of bag holders. With the aura of FOMO, liquidity will reach a new low as bears and sellers becomes an almost extinct breed. Yet at the most unexpected moment, many will be caught out of position and be destroyed in the ensuring dump of biblical proportions. In this market, bulls make money, bears make money and pigs get slaughtered. Bag holders should not enter unless they are willing to ensure excruciating pain for another four years.
If there's ever a time to max that leverage. It's now or never.
Required reading. medium.com/@mcasey08...-theory-2eed48ecf7da
Comment:
PIGS GET SLAUGHTERED
Comment:
I don't believe the bubble's over. It was a whale move to shake out weak hands, a lot of free loaders and loose chips will make higher prices more difficult to achieve. Bubble will continue.