This is MY take on what I THINK is gonna happen.
In this visual, you see that BTC has been having lower highs.
but if you pay attention, you also notice higher lows.
That recent BTC dump was massive but held support.
To follow up on why that bounce was so glorious to me.
It was on an upwards trendline from Oct ‘20. That bounce on that EXACT trendline was a confirmation of the theory I identified early on.
BTC looks bullish to me LOL
BTC
So
why were those inverse head and shoulders I posted so important?
because
they represented a Micro scale confirmation that was essential for the Macro scale theory of that wave to even be valid.
If you go back up top to the 2nd picture up top, you see the
inverted head and shoulders pattern I called mad early that needed to form itself to confirm that theory as valid.
Which it HAS so far, down below you can see how it shaped itself after my call.
BTC
So what I think is gonna happen, is this.
have a look up top at the first 2 pictures.
Over the next period, we’ll see coordinated FUD at the highs of that wave so whales can laugh their ass off shaking out weak hands, all while accumulating at the bottoms a couple times. When BTC gets denied at those ascending high next time there will be ppl sayin “I told you it was the bear trap. Look at the lower highs, y’all in denial.” Followed by more rejections.
Just like there will be a lotta ppl in this thread all dramatic and scared as usual.
All while not paying attention that we’re actually seeing HIGHER lows in an uptrend which will then come to an upwards explosion in somewhere around June/July which Is represented at “E” on the visual up top.
When that explosion happens is when nikkas who weren’t in the trenches sliding getting money while the market was on FIRE will jump back in the game talkin bout “Y-yeah.., I knew all along!!”
Whatever happens, I’ll say it AGAIN.
These are your options
• Reup in the drought.
• HODL
• Sit on the sidelines
• Or fold and be a casualty of war.
Don’t come in here complaining and arguing because YOU hurting. If that’s the case, step back and reevaluate. You over-invested what you couldn’t afford to lose. Either take that as a Loss or a Lesson. DYOR and stand behind your actions.
Good luck to each and everyone of y’all.
Bless