You are a Fish - LaPlaces Demon Will Help You Escape BTC-Whales
Hey Future Demons
Lets jump right into the TA.
1. We are in a huge liquidity zone (50k-65k), where the whales have been stop hunting retailers fish for many months.
2. For the above mentioned reason it is normally a good idea to stay out of the market. We don't want to gamble. It's all about money protection and the right mindset.
3. When that is said we are right now in an expanding descending wedge, which is a bullish pattern. I know it's not the perfect example according to classical charting, but since the market is heavily manipulated, it's still a bullish structure.
4. Also the last 24 hours we saw BTC increase with around 3 %, and The Global Market Cap a little bit less. We saw an increase in volume with around 34 %, which also is a bullish sign.
5. Most people are bearish at the moment, but I believe it's a good time to be a contrarian, and go Long. But be careful in this market. Its extremely hard atm.
Kind Regards
LaPlaces Demon
PS. Like and follow. Im here to help you from Wall Street, the Elite and big whales, who will try to outsmart you.
Lets jump right into the TA.
1. We are in a huge liquidity zone (50k-65k), where the whales have been stop hunting retailers fish for many months.
2. For the above mentioned reason it is normally a good idea to stay out of the market. We don't want to gamble. It's all about money protection and the right mindset.
3. When that is said we are right now in an expanding descending wedge, which is a bullish pattern. I know it's not the perfect example according to classical charting, but since the market is heavily manipulated, it's still a bullish structure.
4. Also the last 24 hours we saw BTC increase with around 3 %, and The Global Market Cap a little bit less. We saw an increase in volume with around 34 %, which also is a bullish sign.
5. Most people are bearish at the moment, but I believe it's a good time to be a contrarian, and go Long. But be careful in this market. Its extremely hard atm.
Kind Regards
LaPlaces Demon
PS. Like and follow. Im here to help you from Wall Street, the Elite and big whales, who will try to outsmart you.
Note
The bulls are right now caught in a bearish, ascending wedge, which potentially could take us down to 57k-56kish before we go up again.
Also we have been dancing around 58k for a long time, which seems to be POC (Point of control). We have a lot of liquidity here, so beware my friends, the whales will continue to go up and down to stop hunt you.
I still believe we will go up and hit my target, and I think it's a good time to be a contrarian, even though the market sentiment is bearish atm.
BlackRock warned one day ago about a 50 % crash. I still believe we eventually will go down below 30k, BUT always be critical when the whales start to spread fear. This might also short term be a bullish signal.
Feel free to donate, if you like my work. It's much appreciated.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.