Manipulation and Performance macro hidden head and shoulders
Is Bitcoin dead!!! Macro hidden head and shoulders with a strong supporting neckline.
Honesty, common sense and clear headed thinking will answer this question.
Not quite yet but bitcoin has hit its all time high already.
Bitcoin has been slowing down since the all time high of 2021.
There is a very narrow shoulder on the market performance which suggest
very soon bitcoin will have a major correction even after all the ETF approvals
and the bitcoin halving. None of that really matters when it comes to
market performance and volume. Bitcoin is just riding the top and the whales
are just raking in revenue from mining and fees while the price is high.
Once the market starts dumping its going to be unreal and scary.
Lets be really honest with each other. Beneath all the hype and motivation around
bitcoin we all knew this day was coming. Looking at the logarithmic chart only with
this posting you can see every bull market correction we had since 2009 the market
performance keep going more sideways with less growth as it took more capital to move the market.
2021 was the last and final bull market for bitcoins long 12 year macro bull market and the SEC
waited until the bear market officially was about to start to approve the bitcoin ETF.
Why do you think the waited until this precise time???
I could speculate with the information i have but the realization of it all is those answers will
never be confirmed. Bitcoin will have a negative impact on the crypto market as so many crypto
assets are intermingled with bitcoin with investing. This market will practically lose almost all its value over the past 5 years and many will crash beyond the negative threshold. Very scary time
to be holding any cryptocurrency. I am even nervous about my tether and usdc holdings so i pulled out of the market completely to see what happens the next 6 to 12 months.
Wish you all the best.
The crypto market will not be the same soon.
Honesty, common sense and clear headed thinking will answer this question.
Not quite yet but bitcoin has hit its all time high already.
Bitcoin has been slowing down since the all time high of 2021.
There is a very narrow shoulder on the market performance which suggest
very soon bitcoin will have a major correction even after all the ETF approvals
and the bitcoin halving. None of that really matters when it comes to
market performance and volume. Bitcoin is just riding the top and the whales
are just raking in revenue from mining and fees while the price is high.
Once the market starts dumping its going to be unreal and scary.
Lets be really honest with each other. Beneath all the hype and motivation around
bitcoin we all knew this day was coming. Looking at the logarithmic chart only with
this posting you can see every bull market correction we had since 2009 the market
performance keep going more sideways with less growth as it took more capital to move the market.
2021 was the last and final bull market for bitcoins long 12 year macro bull market and the SEC
waited until the bear market officially was about to start to approve the bitcoin ETF.
Why do you think the waited until this precise time???
I could speculate with the information i have but the realization of it all is those answers will
never be confirmed. Bitcoin will have a negative impact on the crypto market as so many crypto
assets are intermingled with bitcoin with investing. This market will practically lose almost all its value over the past 5 years and many will crash beyond the negative threshold. Very scary time
to be holding any cryptocurrency. I am even nervous about my tether and usdc holdings so i pulled out of the market completely to see what happens the next 6 to 12 months.
Wish you all the best.
The crypto market will not be the same soon.
Comment:
Sometime very soon bitcoin will crash to 2019 levels and this market will be so volatile that most traders will give up after compounding losses trying to dollar cost average. When volatility is high on exchanges most of the time a stop loss won't fill and you literally get liquidated very quickly. Be prepared because if i am right this bear market could last up to 625 days.