Thread by @cryptopicasso

$BTC has been pointing to this wave happening for months
Step by step it gave clues if you payed attention
Lets Review

Clue #1 - Market found support on the weekly 200 MA after a 80%+ decline from ATH

Clue #2 -
Harmonic Reversal Pattern prints on the Daily
$BTC

Clue #3
50 EMA turns to support on the Daily
$BTC

Clue #4
50/200 "golden cross" on the Daily
$BTC

Clue #5
50 EMA turned to Support on the Weekly
Price was NOT denied on the 1st attempt like in 2015
$BTC

Clue #6
4MA crosses the 50 EMA on the weekly
$BTC

Additional clues -
2 week MACD flips on break of 4K showing massive growth potential if you understand the market cycle nature of $BTC

"Disbelief"
This phase of the market cycle has to shift from bear to bull by destroying the bears and creating the sentiment that "this rally will fail"
As the shorts built up at $6000 it created a massive squeeze of forced closed orders which blasts through "resistance"
$BTC

The new bull market is built upon bear blood as nobody really expects it to keep going and they continue to bet against the market - we saw the reflection of this with the BFX long/short situation

$BTC

Also the general public isnt really searching for #bitcoin because the general sentiment is that "this is a suckers rally"
Levels get crossed , prices are up and then FOMO begins
when it peaks out everyone is left is "disbelief" that it even happened

Impatience and greed sets in and we push even higher
Those that chase price soon get shook or tested mentally as price "crashes" 30-40%
The smart ones #BTFD and the cycle continues

Welcome to #crypto