$BTC: In the event of a World wide global cyber attack that targets banks and the entire infrastructure as a whole, the only asset I want to hold in such a time is Bitcoin. It’s offline, can’t be hacked and its value will keep increasing as people will flee the Fiat and buy Offline Value.
$BTC:
Bitcoin is still within its bullish fractal despite todays Black Swan and the total loss of the EMA50 and MA50 daily that I considered as support in the area of 80-81k.
There is a very important support at $76,000, the breakout above that area was the confirmation of the start of the bull market, so losing it is a very big blow for all bulls and something I dont want to see at all. Losing 76k will be catastrophic and there will be a high risk of 67-69k. For now, as long 76k there is no need to Panic.
I believe that this was a massive shake out in the market, triggering tons of liquidations and panic sales in the recent hours, and call me crazy but I am confident that the bull market continues. My longs from 80,400 remain open , and my entire spot positions from $60,000 as well.
I understand that all of X is now full of content regards DrProfit was wrong , and many are happy to see DrProfit wrong, and let me tell you that I enjoyed the entire run when bought spot at 60k and calling for 87-88k, I enjoyed shorting at $87k, and taking profits on shorts at 80,600, and accumulating longs between 80-81k resulting in an average long of 80,400. I enjoyed every single trade and the FUD and noise does not concern me at all. Know your risk, know your leverage! In case BTC loses 76k I will admit that I was wrong with my recent 80-81k long, but it will not make me a bear as I consider the current move as flush for the next leg up.
No Financial Advice, educational only
$BTC: Strong Spot buying happening right now as we speak, everyone I know who is in the market since the last 10 years is now active in building longs or buying spot. Everyone knows the next leg up is close.
BREAKING: 🇺🇸 The CFTC has sent its crypto rules to the White House for review.
Congress failed, but the SEC and CFTC are still delivering pro-crypto regulation.
$BTC: While everyone was wasting his time and energy in the recent weeks to over trade the current sideway consolidation move, I’m drinking tea and relaxing while waiting for the next leg up. There is no bear market, people wish for lower prices, but the market refuses to listen
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