BTC All Time High February 2012 - Why NO Double Top
Why i dont see BTC to Crash soon
Some of the Traders see a BTC double Top which would lead to a blow off and Crash.
So lets try to disprove this view:
- Chart Formation: I can find this type of Pattern only in Uptrends. Some think it is a double top but in fact its an ascending consolidation of which the 2nd top is higher.
- BTC Price overheated: In fact it is a little bit. But sideway untill february would be enough to countinue.
- Support: It looks like previous (2017/18) ATH is support now.
- Institutional Money inflow: Institutions invest with a larger Timeframe - they will not sell off 6mt after buy. Like Micro Strategy bought at 19k - dont think they buy the top
- Inflation: Inflation not kicks in yet because the Money flows into Wall Street. After Shares get unprofitable it will flow to BTC
- Maturity: We are in 2020 ant the market has grown up. Adoption kicks in while crisis also does.
Some of the Traders see a BTC double Top which would lead to a blow off and Crash.
So lets try to disprove this view:
- Chart Formation: I can find this type of Pattern only in Uptrends. Some think it is a double top but in fact its an ascending consolidation of which the 2nd top is higher.
- BTC Price overheated: In fact it is a little bit. But sideway untill february would be enough to countinue.
- Support: It looks like previous (2017/18) ATH is support now.
- Institutional Money inflow: Institutions invest with a larger Timeframe - they will not sell off 6mt after buy. Like Micro Strategy bought at 19k - dont think they buy the top
- Inflation: Inflation not kicks in yet because the Money flows into Wall Street. After Shares get unprofitable it will flow to BTC
- Maturity: We are in 2020 ant the market has grown up. Adoption kicks in while crisis also does.
Catatan
Sorry for the faulty text, i was in a hurry :)And of course i meant YR 2021
Trade aktif
OMG this was fast.Target reached well :D
Trading ditutup: stop tercapai
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.