#TwoMonthsOfBear

٥ مايو ٢٠٢١

Length upcoming bear season will be almost equal to the “gbtc at a discount” timeframe: two months and counting.

Lowest Bitcoin price during this bear season can be calculated with this formula:

(pi x (hdgd))% of ATH (dip percentage)
hdgh = highest daily grayscale discount

Lowest price calculation at the moment ≈$26400.

I think that we will see a ≈22% Grayscale Bitcoin Trust discount in the coming days.

That would mean that the lowest Bitcoin price during the mid June 2021 bottom will be somewhere around ≈$20200.

ycharts.com/companies/GBTC/discount_or_premium_to_nav

We will see Bitcoin do a hard V-reversal after the bottom in mid June 2021.

٦ مايو ٢٠٢١

تم فتح الصفقة

Opened a big short. Tomorrow I expect the first aggressive dip (52k).

١٤ مايو ٢٠٢١

ملاحظة

Grayscale discount is getting closer to that 22% number.

١٦ مايو ٢٠٢١

ملاحظة

I'm expecting an accelerated breakdown towards 42k coming Monday.

١٧ مايو ٢٠٢١

ملاحظة

Bitcoin working on a bearish crossover (1D, MA50/MA100).

١٨ مايو ٢٠٢١

ملاحظة

Bitcoin completed the bearish crossover (1D, MA50/MA100).

١٩ مايو ٢٠٢١

ملاحظة

Bitcoin working on a death cross (1D, MA50/MA200).

١٩ مايو ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف

Hey friends!

I closed my short today and will follow up my views and comments in the related idea:

Hope you check that one out!

/salute Shiningforce