The phases of Bitcoin

4 февр. 2023 г.

As Paul_Varcoe posted in his recent post. Keep a cool head here, moon calls are back trending.

Take a look at these posts, since we started making posts public. If you want proof then look no further...



I had been buying Bitcoin for several years, as a money manager & tech investor. Seeing the move at the end of 2017, it was clear the transition had started.

I started posting about Bitcoin publicly and explained these steps.


Why this was a great range for the re-accumulation. This also giving levels for the potential upside move. Which we then had in the exact forecasted region.


So when the target was set -

You see, this was really the start of Crypto's professional shift, it was becoming a trading instrument. Thus making it easier to analyze each swing.

This was a private stream here on TradingView explaining the bottom collection of liquidity as a pig ugly move.

As the price started to rally, many got excited - maybe a little too excited!


The reason I say this, is that there was already signs of a truncation of the move back up.


This is simply part of the game. Zoom in on the text, this was the 24th of August, expecting a drop down 3-4 and then a rise into the old ATH levels before crashing quickly.


At the top - it was again, written in the stars; why would it be Linear to $135,000 You know who I'm pointing the finger at. Think about it, we had a weak rally up on very little volume, how, just how was it likely to rally to 135k without any form of liquidity grab?


Then as we had our move down and rise back up, there was a defined pattern showing - the kind of pattern that indicates a re-distribution.
I took the time to warn the public about this but in reply guess what the main theme was? "Buy the dip" unfortunately.



The phases of the Wall Street cheat sheet are now beyond apparent.

Rise to fall


So as we come into "fair market value" regions - it's pretty clear we are where we think we are.




Yup - It's not rocket science this. I cover some additional info in this post below

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.