On our way to complete bear cycle

2018年5月11日

Lets be real. This pattern inside the descending triangle was extremely predictable once we double topped at 9.99k.

We already broke the 0.5 of this move, so that means were going down a little further before we retest the fib level above, before ultimatley falling to our rsi goal and our previous bottom of 6.2-6.6k

Whenever we fail to break a level, and there is immediate fud (bill gates, munger, buffet) there should be no reason that the breakout would occur. Your blinded by the twitter bulls. now im neither bull nor bear, but i sold everything at exactly 9.9k because it looked like we were repeating the pattern when we failed to breach 12k.

The BTC chart is so easy to play, but the problem everyone has is staying neutral when the market acts so bullish or bearish all the time.

Be safe, dont pile shorts, dont pile longs.

ALL IT TAKES IS PATIENCE. Fill your 100x longs at the low 6k level because if im being honest, were not going further below that.

This is a manipulated, leveraged market. It's in the best intrest for Bitman and other miners to keep profitability sustainable, so a break below 6k is highly unlikely. just like a breakout above 10k was unlikely since theres no new money coming in and theres still unreasonable amounts of bull left in the market.


Let me know what you think, and if you agree, give me a thumbs up.


Cheers