Bullish Triangles | A Conservative Perspective: Start of The End
hi we here in beeteecee
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Introduction:
The only thing keeping the market so high, the thing that will continue to push it higher, is a complete and widespread lack of understanding among the common person, and a virtual extinction of access to the resources, information, and opportunities required to attain it.
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Basically, the market is asleep at the wheel, and it doesn't know how to drive. It has been drifting in the same direction for a long time, but it will wake up.
It'll grab hold of the wheel and jerk it in the opposite direction. It will attempt to straighten itself out a bit, breathing a sigh of relief that it's still alive.
Suddenly, a near-miss with an oncoming 18-wheeler occurs. Concerned and outraged, it reaches for its phone to call the police on that madman. But first, a realization, it has no idea where it is. It looks around at highway signs. They're all blank.
Scrambling to check it's GPS , it sees that it's thousands of miles away from home, with no recollection of why it had started driving or where it thought it was going.
Then the engine sputters.
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What you need to understand about the contemporary cryptocurrency market is this:
The sad reality is that the strongest and most affective influence on the cryptocurrency market are people who have never truly used or owned any cryptocurrency ever, despite the inconceivably-high amounts of money, time, praise, and thought they've thrown, and will continue to throw, at it.
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However, the closer we get to that long-awaited milestone, that so-widely-and-cluelessly-prophesized price of 100k, the increasingly serious of an attempt at understanding the common person will begin to undertake.
Without the collective agreement/confidence in knowing (and having the ability to know) the answer to the question "what's comes next?" the collective focus will encounter resistance in coming to another consensus on the very nature of it's own purpose and existence.
Ultimately, it will have no choice but to settle on it's inverse,
"what comes first?"
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Knowledge is power, understanding is everything; lacking one is servitude, lacking both is enslavement,
But having either-- is just attempting-to-become-able-to.
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Introduction:
The only thing keeping the market so high, the thing that will continue to push it higher, is a complete and widespread lack of understanding among the common person, and a virtual extinction of access to the resources, information, and opportunities required to attain it.
___________________________________________________________________________________
Basically, the market is asleep at the wheel, and it doesn't know how to drive. It has been drifting in the same direction for a long time, but it will wake up.
It'll grab hold of the wheel and jerk it in the opposite direction. It will attempt to straighten itself out a bit, breathing a sigh of relief that it's still alive.
Suddenly, a near-miss with an oncoming 18-wheeler occurs. Concerned and outraged, it reaches for its phone to call the police on that madman. But first, a realization, it has no idea where it is. It looks around at highway signs. They're all blank.
Scrambling to check it's GPS , it sees that it's thousands of miles away from home, with no recollection of why it had started driving or where it thought it was going.
Then the engine sputters.
____________________________________________________________________________________
What you need to understand about the contemporary cryptocurrency market is this:
- People don't understand crypto right now, but understanding is the a universal inevitability.
- Understanding is derived solely from "Direct Experience"
- Direct experience is the process of acquiring knowledge by fully and directly participating in an activity.
- Virtually nobody is fully or actively participating in the cryptocurrency market.
- 99.99999% of people aren't using it as a currency, and the majority never have.
- 99.99999% of people are not in control of their private keys, most of them don't even know what that is, let alone understand what existential-importance they carry.
The sad reality is that the strongest and most affective influence on the cryptocurrency market are people who have never truly used or owned any cryptocurrency ever, despite the inconceivably-high amounts of money, time, praise, and thought they've thrown, and will continue to throw, at it.
_______________________________________________________________________________________________
However, the closer we get to that long-awaited milestone, that so-widely-and-cluelessly-prophesized price of 100k, the increasingly serious of an attempt at understanding the common person will begin to undertake.
Without the collective agreement/confidence in knowing (and having the ability to know) the answer to the question "what's comes next?" the collective focus will encounter resistance in coming to another consensus on the very nature of it's own purpose and existence.
Ultimately, it will have no choice but to settle on it's inverse,
"what comes first?"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Knowledge is power, understanding is everything; lacking one is servitude, lacking both is enslavement,
But having either-- is just attempting-to-become-able-to.
Trade active:
this is the bottom
Comment:
Looks great on higher timeframes as well
Comment:
buy in big around 35k and hold until may for 78k
I have high confidence in that quadruple bottom being confirmed because the last and only other time it fell below the orange ascending triangle was immediately before a 100% price increase.
That is consistent with my target for this upcoming bull run of 84-95k