So...
Against popular belief, it is what it is.
unfortunately, it's not where people want it to be.
People want to think I am anti Bitcoin, or negative to the cause. Again, this could not be further from the truth. I'm just one of the lucky ones in early and care very little what it does at the moment.
It's clear people try to find bullish narratives especially when gone all in, but you have to remain a realist to make good money. Well at least over and over again.
I've shared various posts and stream over these last couple of years and still not likely to win popularity contests or crypto influencer of the year when you don't have rhyme nor reason to scream for 100k with a silly face on each thumbnail.
COT data still shows a negative LF sentiment - this is not big boys getting REKT, it's big players profiting at a premium (whose selling to the retail crowd?).
I have spoken to some level headed players in the space; one of which was Ryan at Uncomplication and we spoke about why the options would be good or bad for the short-term. Kind of kike an "if this, then that outcome".
As you can see from these options; option 1 and the preferred move would have been an extended accumulation phase. Thus giving enough fuel to take a real shot at the moon.
I also shared posts about the interesting movements down low, prior to this move up.
Now the issue for option 2 or 3 playing out was the limitations to the upside without a run on lower liquidity. So again, not needing to visit 12k or 9k - just to grab stops and cause serious doubt is enough in situations like this.
You might have already seen the Wall Street Cheat Sheet;
These things are as old as time.
As option 1 didn't play itself (we did not accumulate enough) the move up has all the hallmarks of a larger degree corrective.
Hence, in the ideal scenario; we would have seen a pullback allowing "fair value" to be accumulated, instead the CVD showed an existing positive position meaning profit taking up high. Thank you by the way.
This move would have been on the cards & the chances are we could be. However, the concern and issue is this caps the upside on a colossal scale to a little over 100k before a very, very long term corrective kicks in.
Still waiting on 135k as every influencer and their dog screamed for. Yup, still waiting from Nov 21, 22, 23 and nearing 24.
The question you need to ask, is after 12 ETF approvals and retail screaming MASSIVE Net-inflows, we just had a halving and of course the golden price multiplier. So the question is; what's pinning it down? where is the lead balloon?
Option 2 we talked about was if the price had created a classic ZIG-ZAG corrective move; 48-52k would have been optimal. The reason this was worse than option 1 was it means a longer time in limbo.
Now option 3 paints a combo of the two as you technically have either a weak move impulsive up leading to a long corrective or a corrective B giving a running flat B hence another slow burner down before some real momentum can be had.
I covered every major move over the last couple of years, now it's becoming more institutional it's only time. Just because retail wants 100k tomorrow, doesn't mean it has to play ball - especially not in the timeframe majority of retail want it to happen.
I think the move needs a natural play both ways here; now we have massive liquidity sitting lower and of course a lot of eager, anxious buyers higher. COT is a big telltale sign for me.
I also covered and published the move options in the book'
So when I say, nothing has changed. It means since talking about this the first time - we are still playing out the worst of the 3 options so it seems.
I'll finish with - 12 ETF's x Price Multiplier + Halving = WHY NOT $1 million yet?
Take it easy and see you on the next post.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
unfortunately, it's not where people want it to be.
People want to think I am anti Bitcoin, or negative to the cause. Again, this could not be further from the truth. I'm just one of the lucky ones in early and care very little what it does at the moment.
It's clear people try to find bullish narratives especially when gone all in, but you have to remain a realist to make good money. Well at least over and over again.
I've shared various posts and stream over these last couple of years and still not likely to win popularity contests or crypto influencer of the year when you don't have rhyme nor reason to scream for 100k with a silly face on each thumbnail.
COT data still shows a negative LF sentiment - this is not big boys getting REKT, it's big players profiting at a premium (whose selling to the retail crowd?).
I have spoken to some level headed players in the space; one of which was Ryan at Uncomplication and we spoke about why the options would be good or bad for the short-term. Kind of kike an "if this, then that outcome".
As you can see from these options; option 1 and the preferred move would have been an extended accumulation phase. Thus giving enough fuel to take a real shot at the moon.
I also shared posts about the interesting movements down low, prior to this move up.
Now the issue for option 2 or 3 playing out was the limitations to the upside without a run on lower liquidity. So again, not needing to visit 12k or 9k - just to grab stops and cause serious doubt is enough in situations like this.
You might have already seen the Wall Street Cheat Sheet;
These things are as old as time.
As option 1 didn't play itself (we did not accumulate enough) the move up has all the hallmarks of a larger degree corrective.
Hence, in the ideal scenario; we would have seen a pullback allowing "fair value" to be accumulated, instead the CVD showed an existing positive position meaning profit taking up high. Thank you by the way.
This move would have been on the cards & the chances are we could be. However, the concern and issue is this caps the upside on a colossal scale to a little over 100k before a very, very long term corrective kicks in.
Still waiting on 135k as every influencer and their dog screamed for. Yup, still waiting from Nov 21, 22, 23 and nearing 24.
The question you need to ask, is after 12 ETF approvals and retail screaming MASSIVE Net-inflows, we just had a halving and of course the golden price multiplier. So the question is; what's pinning it down? where is the lead balloon?
Option 2 we talked about was if the price had created a classic ZIG-ZAG corrective move; 48-52k would have been optimal. The reason this was worse than option 1 was it means a longer time in limbo.
Now option 3 paints a combo of the two as you technically have either a weak move impulsive up leading to a long corrective or a corrective B giving a running flat B hence another slow burner down before some real momentum can be had.
I covered every major move over the last couple of years, now it's becoming more institutional it's only time. Just because retail wants 100k tomorrow, doesn't mean it has to play ball - especially not in the timeframe majority of retail want it to happen.
I think the move needs a natural play both ways here; now we have massive liquidity sitting lower and of course a lot of eager, anxious buyers higher. COT is a big telltale sign for me.
I also covered and published the move options in the book'
So when I say, nothing has changed. It means since talking about this the first time - we are still playing out the worst of the 3 options so it seems.
I'll finish with - 12 ETF's x Price Multiplier + Halving = WHY NOT $1 million yet?
Take it easy and see you on the next post.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.