As ETF fizzles out, the macro for BTC is getting stronger.
BTC/crypto in general is in better shape fundamentally today, then it was just 2 month ago.
It seems that this sell off, is more technical, then fundamental.
It also feels, that the entire crypto world is actually maturing a lot faster then most people realize.
Asian markets on their way to integrate blockchain technology in government and commerce.
Western companies are on their way to use blockchain technology for commerce and tracking.
Ripple is bloody everywhere now. Their bribed their way into everything they could - except for coinbase, but they managed to get Bill Clinton - let that sink in.
Either way, we still have the potential for ABC short pattern here, and this is very nasty one if all of the crypto is going to experience a shock.
Most price would have to fall back to early 2017 levels? Can you really imagine that?
When the demand for BTC is growing! Hashrate is through the roof!
But we also got bad stories, because of falling prices and the energy it takes to mine BTC.We start hearing about collapsing mining companies, that can;t survive this bear market.
It is more likely that we are experiencing a massive transition of BTC from retail to institutional holders.
As always, stay safe, keep your Stop losses in check.
Sources:
www.zerohedge.com/ne...cts-further-declines
www.zerohedge.com/ne...liquidation-bail-ins
www.zerohedge.com/ne...-craters-85-8-months
www.zerohedge.com/ne...-production-feb-2020
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~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.*/
If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
Thank you,
Ajion
BTC/crypto in general is in better shape fundamentally today, then it was just 2 month ago.
It seems that this sell off, is more technical, then fundamental.
It also feels, that the entire crypto world is actually maturing a lot faster then most people realize.
Asian markets on their way to integrate blockchain technology in government and commerce.
Western companies are on their way to use blockchain technology for commerce and tracking.
Ripple is bloody everywhere now. Their bribed their way into everything they could - except for coinbase, but they managed to get Bill Clinton - let that sink in.
Either way, we still have the potential for ABC short pattern here, and this is very nasty one if all of the crypto is going to experience a shock.
Most price would have to fall back to early 2017 levels? Can you really imagine that?
When the demand for BTC is growing! Hashrate is through the roof!
But we also got bad stories, because of falling prices and the energy it takes to mine BTC.We start hearing about collapsing mining companies, that can;t survive this bear market.
It is more likely that we are experiencing a massive transition of BTC from retail to institutional holders.
As always, stay safe, keep your Stop losses in check.
Sources:
www.zerohedge.com/ne...cts-further-declines
www.zerohedge.com/ne...liquidation-bail-ins
www.zerohedge.com/ne...-craters-85-8-months
www.zerohedge.com/ne...-production-feb-2020
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~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.*/
If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
Thank you,
Ajion
Komen:
AUG 15 Fractal event Triggered :)
Komen:
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
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twitter.com/NexusWars_
ajion.org
