Right now we are witnessing a bear market with increasingly bear sentiment from the masses. With that it seems BTC is starting to FADE off in the distance from ATH. Bears keep reloading and dropping reloading and dropping. The last pump from the .786 retracement was a DEAD CATS BOUNCE. We are coming to the end of this triangle where two huge points of energy are actually starting to join; sellers vs holders...
the uptrend line that represents HOLDERS.
Holders are those people in the market that are holding the floor, they are not selling so the amount of supply increasing is neutralized. This is what creates the price to flat line.
the downtrend line represents the sellers
and as BTC supply was sold off and started to circulate into the market again, the amount of demand started to decline as well resulting in drop in value.
The big picture is the bearish sentiment is ruling the market but how long will it last?
There are two possible out come and they will be decided by end of April. Possibility one is holders will break and people sell out of fear. People will sell out because they are afraid of an all out collapse should BTC break these critical levels. This will put a vast amount of BTC into the market again raising the supply lowering the value.
Possibility two is that holders don't break down and sell out. This shows the market and large players that BTC is not as volatile as it use to be in regards to these key levels. Sustaining these key levels will raise sentiment and sooner or later a big buy order will be placed and a new up wave will have started. Increase in demand and supply starts trickling down again.
My theory is that BTC will see 100k end of 2018, and it would be who of you to DCA into several of these key level positions right now. We are at the end of the triangle....a decision will be made soon.
the uptrend line that represents HOLDERS.
Holders are those people in the market that are holding the floor, they are not selling so the amount of supply increasing is neutralized. This is what creates the price to flat line.
the downtrend line represents the sellers
and as BTC supply was sold off and started to circulate into the market again, the amount of demand started to decline as well resulting in drop in value.
The big picture is the bearish sentiment is ruling the market but how long will it last?
There are two possible out come and they will be decided by end of April. Possibility one is holders will break and people sell out of fear. People will sell out because they are afraid of an all out collapse should BTC break these critical levels. This will put a vast amount of BTC into the market again raising the supply lowering the value.
Possibility two is that holders don't break down and sell out. This shows the market and large players that BTC is not as volatile as it use to be in regards to these key levels. Sustaining these key levels will raise sentiment and sooner or later a big buy order will be placed and a new up wave will have started. Increase in demand and supply starts trickling down again.
My theory is that BTC will see 100k end of 2018, and it would be who of you to DCA into several of these key level positions right now. We are at the end of the triangle....a decision will be made soon.