A Grandma, an Analyst and George Soros walk into a bar...

Grandma: that's the person who back in December asked whether she should have bought bitcoin at the all time high. She believes the price will always go up. She doesn't really know much about how the market works, and is greedy when others are greedy and is fearful when others are fearful. Right now she thinks btc is garbage and the price will keep going down.

Analyst: the analyst is the opposite of grandma. He believed that btc was going to go down after grandma started asking about btc, but the problem is the analyst draws lines and thinks bitcoin is going to keep going lower and lower based on Fibonacci retracements and triangles. He believes with a bit of arrogant glee that he knows bitcoin is going to keep going lower no matter what bitcoin does, because he believes he knows something that grandma doesn't.

Soros: Soros just got into bitcoin. He's been saying for a while now, along with his banker friends that bitcoin is going to zero and is a bubble. A lot of people have speculated that bankers are bad mouthing bitcoin so they can buy it cheaper. Now that Soros and Rockefeller are buying bitcoin, is it a rumor any more?

I, like other analysts have been waiting for bitcoin to supposedly plummet below 6k for over a week now. Instead it's been trading sideways. I've drawn a Wyckoff chart and overlayed it over my Elliott wave count - to imply that we may be in a Wykoff Accumulation phase. Soros and Rockefeller are accumulating while the Analyst is waiting for btc to crash to some ridiculously low number, and while Grandma is selling all her btc because she believes Soros that btc is going to zero.

Don't be Grandma - but also don't be the short-sighted Analyst.

refer:
d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffaccumulation.png