BTC cussing me again. Rich man always know when 2 take profits.
Not financial advice.
"Life isnt always on the up and up sometimes it says "FU" like Bitcoin is showing me now"
Legalizedhustler
I cant help but to think it's so time for a retrace.
I can see it hit 63-66k at resistance level before pullback.
Not sure it'll hit that resistance before pullback. Refer to circled area. We are in same spot in my chart as it was at 42k. Just saying.
Marketcap in excess of 1.7 Trillon now. High levels on the fib chart.
Thank you for that fib total market cap reading @BitonGroup so I could analyze the current situation better.
Its good for the market to have a retest.
Bitcoin keep cussing at me. I think a healthy pullback is needed.
If it hits 70k Microstrategy and tesla investment will be doubled . Microstrategy even more. So please keep that in mind.
Fear and Greed Index is at 90+ which means we are in FOMO stage already and everybody is the cattle being herded up right now in the field.
The smart money bought while it was low. The institutional investors.
The retail investors always come in late. You never hear about a good movie unless the movie left the person watching it telling you they wanted to see more of it
Retail investors the same.
The media, the big companies all telling you how great a movie this Bitcoin is.
And when you watch the movie it sucks.
The analogy is pertinent to this situation. Everyone says how great BTC is because they know the crowd will follow. People are naive . They want the get rich quick money without the effort.
That is when the smart money will sell.
The losses won't be as extreme as in 1st cycle but there will still be alot of people waiting for it come back and most of smart money quit buying at 10-15k.
And keep this in mind.
So be cautious. Set your stop losses.
Don't think everything always goes up or a life will throw you a big "FU" like bitcoin is showing me.
I want to be wrong.
Support the legalizedhustler
#hustlabynature
"Life isnt always on the up and up sometimes it says "FU" like Bitcoin is showing me now"
Legalizedhustler
I cant help but to think it's so time for a retrace.
I can see it hit 63-66k at resistance level before pullback.
Not sure it'll hit that resistance before pullback. Refer to circled area. We are in same spot in my chart as it was at 42k. Just saying.
Marketcap in excess of 1.7 Trillon now. High levels on the fib chart.
Thank you for that fib total market cap reading @BitonGroup so I could analyze the current situation better.
Its good for the market to have a retest.
Bitcoin keep cussing at me. I think a healthy pullback is needed.
If it hits 70k Microstrategy and tesla investment will be doubled . Microstrategy even more. So please keep that in mind.
Fear and Greed Index is at 90+ which means we are in FOMO stage already and everybody is the cattle being herded up right now in the field.
The smart money bought while it was low. The institutional investors.
The retail investors always come in late. You never hear about a good movie unless the movie left the person watching it telling you they wanted to see more of it
Retail investors the same.
The media, the big companies all telling you how great a movie this Bitcoin is.
And when you watch the movie it sucks.
The analogy is pertinent to this situation. Everyone says how great BTC is because they know the crowd will follow. People are naive . They want the get rich quick money without the effort.
That is when the smart money will sell.
The losses won't be as extreme as in 1st cycle but there will still be alot of people waiting for it come back and most of smart money quit buying at 10-15k.
And keep this in mind.
So be cautious. Set your stop losses.
Don't think everything always goes up or a life will throw you a big "FU" like bitcoin is showing me.
I want to be wrong.
Support the legalizedhustler
#hustlabynature
액티브 트레이드:
I'm basically repeating the same thing ibsaid 6 weeks ago.
Refer to my new FU chart. Did exactly as expected. Hope u sold at 60k and bought again at 45k. When I originally posted this chart
Refer to my new FU chart. Did exactly as expected. Hope u sold at 60k and bought again at 45k. When I originally posted this chart
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