Greetings once again BTFD members, lurkers and first timers!
Weclome to the greatest show on Earth right now!!!!
Its been a really fun and exciting path towards finding the TRUE value of Bitcoin since the rather over-inflated peaks of December and January
So what is the true value of bitcoin? its different for every person to be frank and thats why its having such a hard time finding its floor and is performing exactly how it should considering the tech and what it does and can be used for
my main theory which has also been confirmed now by a few other btc charters such as goldbug,
the US Tax/IRS stuff concludes on April 15th or so i am to believe, meaning people who bought and sold BTC last tax year now will have pretty large taxes to pay off, many people probably didnt know or realise this until too late and hence why there has been such a huge sell offs every week about $5-20bn has been going OUT of the market and not coming back in nearly as much, the Mcap clearly show this
So im charting that after 15th April we might see some trickles of life coming in to back bitcoin back up to some even stupider levels than the last all time high
BUT.....
until the 15th im totally bearish and by looks of things we are going to see a sub 4k bitcoin after all.
i expect the sell-off to be quite short and the rebuy very fast as i have been saying since last year this would play out around these levels
so you can use my chart as a guide for rest of the spring/summer and see if my theory is right, be nice if it is, cause im leveraging every part of it this year!
WHEN MOON? WHEN PARABOLIC?
End goals if the Gann fans hold then im seeing a nice cross around 12.5k for a first target and then back onto test ATH's after a small correction/pullback
Will be a Golden cross formed if the buying after sub4k is steady and fast
Expect bounces on fib levels and we will go much more into detail via the telegram and our new discord playroom (PM me for details)
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액티브 트레이드
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we saw a massive reversal around this date of 15th April
Hi majorlee. I apologize for I how I acted prior. Any chance I could get your take on what btc will do? Do you think it'll continue to rise or come back down to under 7.5k first?
samiswilf
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@majorlee, You know, I think there's a 5% chance btc just might go up. Shorts are at an all time high and if whales can push the price high enough to liquidate positions, the shorts will act as a spring shooting the price up causing more shorts to liquidate causing more skyrocketing. However, it's likely that the number of shorts haven't mooned and as more people jump onto the short bus, the covering of the shorts will begin at a much lower price. Most likely scenario is that whales cause a quick steep drop, encouraging more people to short, and then quickly rise the price, coupled with short covering will cause price to jump. My prediction that we go down is still what I'm 95% sure about for a multitude of reason too worthy to be shared with the likes of you.