BTC by 6-7-k

23 เม.ย. 2023

There was no panic at the bottom of 15k, because all known cycle comparisons and knew for sure that we were flying up, everyone was just buying off altcoins and bitcoin greedily for to the moon.

Bloggers on all channels said just buy!

Will such an asset fly up when everyone got into the rocket?

No, a rocket flies only when there is no one in it!

Smart money won't carry us all!

Ask yourself a question? At what price of bitcoin will I start to think that this is a scam and we are going to 0 ?

For me it's 6-7k per bitcoin

to all this, add a long flat in the region of 2 years, and this will be the bottom for such a reckless and protracted rally 2022-2021


These are just my thoughts

Regards,
Eugene

23 เม.ย. 2023

บันทึก

Note that the RSI is at the highs of November 2021

23 เม.ย. 2023

บันทึก

Note that the bitcoin distribution was at two peaks in a broad flat, which means someone was selling bitcoin to retailers. If there was such a wide distribution, then the purchase of smart money should be in the same time frame, if not more?

I think that the future flat may take about 1.5-2 years.