$BTC extremely bullish setup on weekly! Possible 40%

ที่อัปเดต:
Hello Traders,
Btc's weekly chart pointing out really really bullish setup. However most of the traders stuck in short time frames again. Price action using EMA20 as bouncing points and correcting rsi levels slowly. Volume is clearly going down as we correcting. Also pointing out trend change towards bullish! Textbook style correction! As you can see as long as Ema 20 holds, we should see 80k ranges around or before aug-sep.
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4k gains in a day already but it may not be straight forward yet!
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We are gaining some momentum towards 80k target!
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Once we break 73k-74k ,80k-85k should happen next. I called this bullish wave while everybody else was calling bear. I will update this once we get to 80k.Everything else in between just an empty noise!
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Btc moving exactly as it is suppose to. Market makers should allow alt coins to coin this fun as well otherwise BTc can dump harder then they can control! Alt coins and Btc has symbiotic relationship. One can't exist without other. The money made from alts can go into btc visa versa.
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O well. I was wondering what's up lately. First they went on about German government selling right and left. Ultra bullish bitcoin started to decline all of a sudden. Then hit with Mt gox fud back again for the 5th time past few years. It worked every time and never questioned it. Everybody publish this news as it is dooms day approaching again so average joe get scared. Most importantly traders needs to use their brains for a sec. They are organized criminals. They spread multiple fuds at once systematically and make you believe about their stories. Then you also publish and advocate thieves.
Mt gox is going to distribute the amount in BTC , does not mean that people will sell instantly! This amount is 142k BTC roughly 8.5billion in the current market value. Considering that BTC's daily trading volume is averaging around somewhere 25billion to 30billion us dollars , absorbing 8.5b us will be quite easy. only 1/4 of daily volume. That is the real math! I can't make this up. lets assume the most extreme case. Some people have been patiently waiting and half of them sells at once still 1/8 of the daily volume still won't make difference much. Most probably mt got will distribute this amount in stages in july so people may even choose to wait a bit longer. what is few more mths since they been waiting more than 10 years.
As you can see this fud has been used many times in the past and once it is done and over with it should catalyst BTC to go above 100k levels. However in the mean time do not give this BTC whales cheap BTC. They will buy everything you throw at them. SO if we all stay calm this even will be Great for all off us. Criminals can't win this game without your help!
Beyond Technical Analysis

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