Trapped, like all the plebs in a cliff diving bandwagon, this low-effort attempt for a practical way to exchange value, is stuck in a big falling wedge pattern it fell into last year.
U bought it at 20k$ - MEWN :rocket:
U bought it at 14k$ - MEWN :rocket:
U bought it at 4k$ - Lets talk some survival options.
Like allways there is a good and a bad version of things about to happen. The bad version would be to fall below the falling wedge support line i have identified in the chart. This would probably mean we going to be spinning down the tubes for a long time. So is this going to be the ultimate betrayal or small "healthy" correction to 3k?
In order to get to the bottom of this, we need to dig deeper than looking for "pro" traders charts in tradingview.
Keep in mind , i have no "pro" trader badge, so this makes my prediction ~99.9% more accurate!
So what is Bitcoin and what was it meant to be? Well, we still have no idea to be honest. But as a practical way to exchange value it has failed for sure.
Why? Because it's too slow and has ridiculous fees compared to other "shitcoins" on the market.
So why does it still exist if it is so wage compared to its siblings it gave birth through the anus?
Do get an answere to this question one needs to take a look at the 1d chart first and realise even scams take time to exit.
Its pretty clear all the shitcoins killed bitcoin by being much better at everything bitcoin does except for glimbing in price.
Some people think Bitcoins big price tag has something to do with how good of a technology it is based on. In reality it is very little to do with it. Satoshi made up a number of Bitcoins he wanted the world to have. This limited number of supply meant all the "sheep" buying it pumped up the price like it was the best thing in the world. Look at the best thing now! Slow transfers, high fees, too volatile for real world use case. Wen moon?
U bought it at 20k$ - MEWN :rocket:
U bought it at 14k$ - MEWN :rocket:
U bought it at 4k$ - Lets talk some survival options.
Like allways there is a good and a bad version of things about to happen. The bad version would be to fall below the falling wedge support line i have identified in the chart. This would probably mean we going to be spinning down the tubes for a long time. So is this going to be the ultimate betrayal or small "healthy" correction to 3k?
In order to get to the bottom of this, we need to dig deeper than looking for "pro" traders charts in tradingview.
Keep in mind , i have no "pro" trader badge, so this makes my prediction ~99.9% more accurate!
So what is Bitcoin and what was it meant to be? Well, we still have no idea to be honest. But as a practical way to exchange value it has failed for sure.
Why? Because it's too slow and has ridiculous fees compared to other "shitcoins" on the market.
So why does it still exist if it is so wage compared to its siblings it gave birth through the anus?
Do get an answere to this question one needs to take a look at the 1d chart first and realise even scams take time to exit.
Its pretty clear all the shitcoins killed bitcoin by being much better at everything bitcoin does except for glimbing in price.
Some people think Bitcoins big price tag has something to do with how good of a technology it is based on. In reality it is very little to do with it. Satoshi made up a number of Bitcoins he wanted the world to have. This limited number of supply meant all the "sheep" buying it pumped up the price like it was the best thing in the world. Look at the best thing now! Slow transfers, high fees, too volatile for real world use case. Wen moon?