At this point everyone has pretty much accepted BTC is a bear market. Lots have probably sold expecting months and months of sideways because they look back at 2014 and see the similarities so far.
But listen to this. IF btc is just looking like 2014 because people think it will be like 2014 then it becomes a self fulfilling prophecy UNTIL the market realises things are not the same. At that point people will start piling back in, but maybe there wont be any coins for sale and the price will begin moving up very fast again.
Anyway its just a retarded moonkid chart and those i have never been lucky with. Just posting it for fun i guess. Lets see what happens.
But listen to this. IF btc is just looking like 2014 because people think it will be like 2014 then it becomes a self fulfilling prophecy UNTIL the market realises things are not the same. At that point people will start piling back in, but maybe there wont be any coins for sale and the price will begin moving up very fast again.
Anyway its just a retarded moonkid chart and those i have never been lucky with. Just posting it for fun i guess. Lets see what happens.
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Hm i take that back. I made another moonkid chart a few years ago and it turned out pretty good. But at the end of the day its just luck. Posting it here for reference.
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Just quickly want to add you have to click the image to get to the previous moonkid idea. You can press play there and see how things played out.
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It bounced off the 20 period moving average suggesting bullishness. But maybe THAT is the juke. Ie. Closed June above, july starts out green, loses steam and then july dildos down instead. Lets see.
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Similar thing happened in februrary where the candle was a green doji, looked really good. But then the following month the price just dildos down.