GarlicSam

Bitcoin Timetraveler Pattern

BITSTAMP:BTCUSD   Bitcoin
Very mixed signals here. You can clearly see the trendline we absolutely didn't respect, I even tried to use Fib levels using the trendline and it led to nowhere.

In order to avoid chaos we should respect the WXY pattern but it's kinda hard since we would have to go back in time for X wave.

The gray rectangle was automatically drawn by best strategist and fundamentalist Toanmagochi due to the trend angle going back in time.

Now you prolly see the similarities between trend angle and the WXY and that is the timetraveler feature of Bitcoin, which needs to take place, otherwise we will still keep going forward in time.

To add even one more layer of confirmation, projected trajectory that I was able to find in a publication by Dr Sheldon Cooper leads to conclusion that we should long Bolivar against USD with at least 500x leverage to basically print money for ourselves for next two decades (Flash pace).

There are few other really useful indicators and lines on the chart that are hard to see because those candlesticks are annoyingly trying to overlap them, but that's OK.

So, most likely there's no need to explain anything, it's pretty self-explanatory, but I'm gonna do it anyway.

BERAS ARE REKT.

They're so weak that bullas had to start selling and push the price lower to make it look healthy.

60k was not a top, if you're selling here to institutions and wealthy individuals, you should consider changing your official name to Peter Schiff.

BTC is leaving exchanges, long-term hodlers are hodling, miners are not selling, more than 11% of total BTC supply was transferred above 53ish area establishing BTC as a solid asset class at 1T market cap that is here to stay. On-chain data remain bullish, hash rate at ATH as well, next 3-4T stimmy soon to devalue fiat even more.

Diamond hands, beras stand no chance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.