Bitcoin - A Prophecy of the Future (Round II) BTC $2900
Thank you guys for reading my crazy talk. I'd be thrilled to see the bull pump through $10,000 and continue to go up. It would certainly make my spot holdings worth more money, so I wouldn't complain.
On the other hand, I think that's not going to happen until real pain has come to long traders.
If you've benefited from any of my posts along the way, please read and sign the petition to end the organ harvesting of Falun Gong practitioners by the CCP at the end of my post.
If you'd be so kind to spread it around on Twitter and other social media, that would serve to help the situation greatly.
Feb 13
Comment: I had been looking for a while for a secondary tests of the lows, or even any pattern resembling Wyckoff accumulation, but it hasn't manifested. It occurred to me that this pattern does, however, look a lot like re-distribution during mark down.
https://www.tradingview.com/x/cWZArRbR/
Right now in the current situation, I believe the market maker has evidenced he's short from 8800-8900 after yesterday's double top , and is long from 8100 after the bounce.
The market maker will move price into profit away from his position. Meaning, if he was short from 8800 and long from 8100, if we approach 8800+ again we are going over $9,000 because he has obviously scalped his short position at 8300 and has maintained his long position.
If the rejection around 8600-8700 continues, then we are for sure going to break the current bullish trend that's within the overall bearish trend and resume liquidating long traders.
Right now with the way it's playing out, the hot zone I'm looking for is $9,200-9,300 taking out all the stops over $9,000 before resuming major corrective cycle.
Feb 14
Comment: I've found when the morons come out to flame in this post it's at times when the market appears bullish and their self entitlement to free moon-money is triggered and their spectrum is flaring at an all-time high.
Then price drops and you don't hear from them again.
Bitcoin -0.02% maximalists, hodlers, miners, and all the traders who have developed very dangerous habits are starting to get desperate.
Pleading and negotiating is starting internally.
Lower highs and bad volume = moon, right?
21 hours ago
Comment: So, this one is really simple.
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