Be long or be wrong

2020년 7월 28일

So i've been playing with these hash ribbons and some oscillators around hash-rate ..
interestingly enough, whenever you get one of these blue dots that encourage you to "buy" (not investment advice!) bitcoin goes up another +/- 40% (sometimes as much as 100%) afterwards before topping out.
That would take us into 15k territory.
By that time i would suspect bulls to be over confident and also over leveraged, which would make for a perfect liquidation moment and some subsequent time to consolidate and clear things up a bit ...
not saying thats bound to happen ... but it has happened more often than not previously, so there's that.

Have fun!