$BTC FEAR (BEAR CONTAGION DISEASE)
There is more FEAR currently at the pullback to $4900 than there was at the previous pullback to $3900
Disbelief is a Bull's friend. The sentiment is saying she'll go higher before she goes lower
Commercials have distributed a large short Gold position of 11.8 million ounces. A close below 1280 (if it happens) could produce a retest of 1210 $GC_F $GLD
During NY Consensus, (Offsite) I will be doing a Fireside Chat with @TuurDemeester
Event to cover topics like Trading Bitcoin, long-term economics and Bitcoin fundamentals.
Please consider joining us and meet other Bitcoin Live Analysts.
Event Info:
https://t.co/M9R3nItOnO
Clean up your feed. If someone is relentlessly negative & attacking others it is best to seperate before they contaminate you
Negativity perpetuates itself, breeds dissatisfaction & clutters the mind & when the mind is cluttered w/ negativity, happiness is much harder to come by
$BTC Daily Fibonacci Moving Averages
I have been extremely Bullish relative to most & was ridiculed for calling a possible move to at least $5200 weeks ago & I wouldn't be surprised to 5.7k & even 6.1k, but
The real Bull will likely take some time to arrive
See charts!
$BTC Accumulation
History doesnt repeat, but, it does rhyme. $BTC appears to have put in its low in a similar TF as the prev Bear (relative to the next halving)
Accumulations last as long as supply allows. Re-accumulation seems most plausible & VPVR seems to fit this narative
“If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it’s coming in, it’ll never happen. The market is always right”
Trade with the order flow
Who wants to learn to trade?
I have been teaching students to trade for quite some time. I have not publicized it too much as I enjoyed the organic growth.
However, the time has come for me to open the doors. If interested, please review the attachment for more information
$BTC update. As I have been saying, over and over, if we break with confidence above 5k, I would change my bias. No hurry, you have plenty of time to enter the market, after a generous retracement if this whole movement is indeed a wave 1 yet to come to an end. Enjoy!! cheers