Bitcoin
Out of context: Reply #1600
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- drgs0
Whales spoofed this rally from ca. 8k. Some whale flashes a 6000 BTC buy order, and then pulls it before the price gets too close to his bid (so without intention of buying). Retail buyers seeing this buy wall go all in...
https://twitter.com/HsakaTrades/…
https://twitter.com/HsakaTrades/…
https://twitter.com/HsakaTrades/…Were they unloading BTC at 10k which they accumulated earlier, filling shorts, or they could be well-meaning, trying to reignite the fomo? No one knows. In any case there are not enough new spot buyers to drive this further
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I think we will have a proper bull run when log support gets close to previous ATH, similar to previous bull runs.
Before the actual bull run there will likely be a pre-bull run rally (red arrows) which get uncomfortably close to previous ATH, something like 18-19k, break down, and then on next try ATH is breached and we detach from log support:
https://www.tradingview.com/x/HD…
The next lowest price for now should be somewhere in high 7ks, and I can even say we are not going below 7k ever again.
You guys will laugh, but I am seriously convinced we will see 250 000 in 2022-2023, but to be clear, I also believe Bitcoin is a ponzi and has no real life use case. I'm in it for the money,
- https://imgur.com/ga…lvl_13
- My guess we'll just keep dribbling around here all year, 2021 will see new highs. Do you watch krown on YouTube? he has some useful TA if trading.inteliboy
- Also funny - btc's main use as of today is to transfer large sums of money for tiny fees. So a tool for rich people. Opposite of what Sakamoto set out to do lolinteliboy