This pattern shows up in many charts. 2 of 3 rockets before mooning. XRP shows something similar and follows the same general shape. The difference being that Ripple releases coins when the XRP army wants to moon too soon. It is simply to prevent hyper-inflation. We continue to create lower highs and higher lows until we reach long term support. We have found support at many time frames. The VPVR confirms price levels and lift-off zones. Finish building these rockets and then moon. We will have liftoff when we light all rockets with one wick (long term support)
Follow the $900 450,225,112.50 levels as we find new average prices. Play around with the VPVR to show the support and resistance levels at different time frames. We are trying to re-establish a new price level reaching back to the beginning of the 2017 bull run.
We will find price convergence around the $8100-7750. We could retrace as far back as 6750. - 7200. We need to bring up our long term average and bring down our short term average before taking off from multi-year long term support. Note: to bring down the price, we see large increases and slow decreases. 40% increase in 2 days took a lot of dumb money and might allow us to drop below shorter term VPVR levels. This disguises the charts and allows smart money to exit appropriately. How many of you didn't take profit at 10 and expected it to be support rather than resistance. Most of us enter back into a state of euphoria very quickly...Although, 40% is pretty gnarly.
Note that we should be getting close to the bottom. Do you think Starbucks, Whole Foods and Amazon would enter the crypto-sphere with prices still declining?
We are entering the Basic bitch phase. This is BTC to the mainstream. A new paradigm. The moon is full of basic bitches.
Everything comes to life when you look with your third eye.
Boombox
Follow the $900 450,225,112.50 levels as we find new average prices. Play around with the VPVR to show the support and resistance levels at different time frames. We are trying to re-establish a new price level reaching back to the beginning of the 2017 bull run.
We will find price convergence around the $8100-7750. We could retrace as far back as 6750. - 7200. We need to bring up our long term average and bring down our short term average before taking off from multi-year long term support. Note: to bring down the price, we see large increases and slow decreases. 40% increase in 2 days took a lot of dumb money and might allow us to drop below shorter term VPVR levels. This disguises the charts and allows smart money to exit appropriately. How many of you didn't take profit at 10 and expected it to be support rather than resistance. Most of us enter back into a state of euphoria very quickly...Although, 40% is pretty gnarly.
Note that we should be getting close to the bottom. Do you think Starbucks, Whole Foods and Amazon would enter the crypto-sphere with prices still declining?
We are entering the Basic bitch phase. This is BTC to the mainstream. A new paradigm. The moon is full of basic bitches.
Everything comes to life when you look with your third eye.
Boombox