MAY'20: It's all about big BTC day
Sorry for the delay, i had an incident on a unicycle - lost control at high speed(40k). its fun typing with one hand. Thanks to wife, i am recovering faster. Pain brings focus, FYI.
i'll be brief because, at this point its anyone's guess how btc halving will happen.
here are my few thoughts on it:
Nothing will happen, it will be flat price action or maybe an attempt to 10k, but if btc is a financial asset like any, then
"Buy the rumor sell the news", is very possible.
Lets look back to BCH and LTC halving. Lots of hype and no moon. The reason bullish market is not driven by price speculation it is driven bya narrative!
The narrative for Crypto is very bullish due to global events. The value of BTC is determined, by those that hold this asset over any other because of a perceived incentive to do so in the future. Thus, they are speculating on Higher Valuation in the Future.
And future is very much looks like to be Blockchain, but getting there during the Pandemic may prove difficult.
We also see correlation between Spy and BTC, sometimes BTC leads SPY. IF SPY is going down again, this may drag BTC with it even if it is short term!
Now back to TA!
We are still in a up trend, that is weakening. we got EMA resistance. We got incoming cross over. We got crazy volumes. We got Halving.
So short term pullback is possible, before lift off.
""FRACTAL Dates""
May 4th, May 8th, May 16th, Jun 1st
_____Review on April_____
Aril played out better than expected, thus it kind of confirms the bias for a small pull back. FOMO might have been to strong.
Also we are still inside the triangle, so still in a bear market, considering we are approaching resistance trend line.
____END_____
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place!
Thank you,
Please, follow, help me get to a 1000 followers :)
i'll be brief because, at this point its anyone's guess how btc halving will happen.
here are my few thoughts on it:
Nothing will happen, it will be flat price action or maybe an attempt to 10k, but if btc is a financial asset like any, then
"Buy the rumor sell the news", is very possible.
Lets look back to BCH and LTC halving. Lots of hype and no moon. The reason bullish market is not driven by price speculation it is driven bya narrative!
The narrative for Crypto is very bullish due to global events. The value of BTC is determined, by those that hold this asset over any other because of a perceived incentive to do so in the future. Thus, they are speculating on Higher Valuation in the Future.
And future is very much looks like to be Blockchain, but getting there during the Pandemic may prove difficult.
We also see correlation between Spy and BTC, sometimes BTC leads SPY. IF SPY is going down again, this may drag BTC with it even if it is short term!
Now back to TA!
We are still in a up trend, that is weakening. we got EMA resistance. We got incoming cross over. We got crazy volumes. We got Halving.
So short term pullback is possible, before lift off.
""FRACTAL Dates""
May 4th, May 8th, May 16th, Jun 1st
_____Review on April_____
Aril played out better than expected, thus it kind of confirms the bias for a small pull back. FOMO might have been to strong.
Also we are still inside the triangle, so still in a bear market, considering we are approaching resistance trend line.
____END_____
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place!
Thank you,
Please, follow, help me get to a 1000 followers :)
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
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