Story time: Those who were around in the last bull run must know about Bitconnect, a lending and exchange platform.The price soar from .017 (ICO) to 463(ATH). It crashed 90% followed by a crypto winter. Investors lost about 250M. (1/1)
Everyone said cryptos are gonna go to 0 , BTC went to 4000. Everyone panic sold and left the crypto space (1/2)
That is when the whales bought huge amount of BTC (1/3)
Eventually Mr. Kumbhani (Bitconnect )disappeared from the world and Bitconnect never recovered . Sounds familiar huh ? #LUNA (1/4)
Those who bought believed and bought that dip are retired now . (1/5)
Moral is In this course of 10 years there were so many “BTC to 0” events , but BTC always turn around. (1/6)
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When do we expect a shift in the economy and the stock market? (1/1)
The current government will most likely postpone rate hikes and do everything possible to bring inflation down and give markets hope for a relief rally around the time of the election in ( Aug -Oct) November 2022. (US state election). (1/3)
However, the effects of money printing will last longer. Prepare for another super bubble to burst after the elections. I believe the markets will recover after the second quarter of 2023. (1/4)
This is a thread to explain why $BTC WILL NOT see an ATH in 2022 (1/1)
I wanted to write this in detail so you could understand why this is a traders' market rather than an investor's market. I'm seeing a lot of people on Twitter calling this the bottom. The macroeconomic conditions were not considered in those analyses. (1/2)
I wanted to emphasize how different this is from previous times and why you should restructure your investment portfolio to account for all of these factors.(1/3)
Yesterday I posted this trade and I was shorting ETH. I typically trade 5x leverage and it was a 5*5% = 25% win for me. What happens if I don’t change my bias? My gains go unrealized (1/2)
Why did I close my shorts and open long last evening ? BTC is the king and the direction depends on BTC. It’s important to understand what BTC is doing on a HTF (2/1)
I was talking about the trendline from the bottom. Here is what can happen if we lose the trendline. Note Im not a bull or bear, I'm happy to long or short. Just pointing out similarities
1) Top of range to death cross took 33 days in both cases 2) Declines after death cross to the nearest liquidity pool 3) Reversed after 66 days.
If history were to repeat , this could occur.
Note: This is just me pointing out data.
This another bearish sign that is showing up on the monthly chart . MACD cross over