BTC - 31 July 2019 - Mid Term BULL Chart - Please Check BEAR too
I know that most of you will think that this chart is called BULL but still it has the most BEARish attitude.
Here I want to explain why I think a retracement to 4k is really likely before the crazy bull run.
I see that all the bull analysts agree in the 7-8K retracement level. Considering that Bitcoin hates doing what is expected, I think a much deeper correction is really likely even if we entered the next crazy bull.
Consider it like this. People are expecting to buy from 7k levels for the bull. So they will x10 x100 their money right?
When and if Bitcoin hits those levels all the retail investors will be filling their bags. So how will the whales win?
They have to manipulate the market and create a fake fall trying to convince the retail investor that the bear is not over and we will be going below 1000 usd!!!!
So the people who bought from 7k will be panic selling at 4k s and leaving the market. A great profit for the whales!
Here I want to explain why I think a retracement to 4k is really likely before the crazy bull run.
I see that all the bull analysts agree in the 7-8K retracement level. Considering that Bitcoin hates doing what is expected, I think a much deeper correction is really likely even if we entered the next crazy bull.
Consider it like this. People are expecting to buy from 7k levels for the bull. So they will x10 x100 their money right?
When and if Bitcoin hits those levels all the retail investors will be filling their bags. So how will the whales win?
They have to manipulate the market and create a fake fall trying to convince the retail investor that the bear is not over and we will be going below 1000 usd!!!!
So the people who bought from 7k will be panic selling at 4k s and leaving the market. A great profit for the whales!
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