U have time to buy BTC in Crypto Summer.
any price below 60k will be bought quickly.
List of channels every crypto trader should follow:
1) News Center: /channel/+qnPN9rm8HMdmMzJh
2) Binance Futures Liquidations: /channel/+GZUBbhTvAxw0MTAx
3) Fear and Greed Index: /channel/+Tr3XkJyEiMQ3Zjkx
4) Whale Alert: /channel/+5J_DCr761DBhM2M0
5) Whale Sniper: /channel/+_z4vgE_A1KwyZGE0
6) Crypto Jokes: /channel/+M85Fn4J4bHw5N2Ux
Share this list with your crypto friends
60 days accumulation at Nov 2022 before a new bullrun.
125 days accumulation at Dec 2018 before a new bullrun
70 days accumulation at May 2020 before a new bullrun
5 days acumulation at March before It took off
Welcome to Halving | New cycle. We are at day 1
Not sure how long for this accumulation stage.
60k is the bottom of new cycle.
In low time frame, this can push to 67-68k (Local resistance).
If there is any chance to buy at 60k again, JUST BUY MORE.
Due to the war, price has dropped to Electricity cost.
Retailers r panicking . . . .
It is crypto tax season now.
How about the crypto tax rule in your nation?
% profit or % volume size or % withdrawal or no tax?
Bitcoin Electricity Cost in New Cycle = 60k
Illuminati level = 66666
What is your bitcoin entry or you love your fiat?
#BTC price almost unchanged in 40 days but few alts already dropped 70% from top.
Alts => game of short term speculation
A New cycle after Halving
- Miners produce less daily => Supply decreasing
- If BTC remains low Miners will Hold & wait till higher price or they shutdown their business because there is no reason to sell with negative PnL => Supply decreasing
- Sellers get exhausted/ buyers get more aggressive because the new cycle = human psychological reset => Demand increasing
- ETF demand => Demand increasing
Supply < Demand
=> Price up
If Supply < Demand for a long time but price does not match and react => at some point => It will cause Supply Shock Liquidity => Price UP aggressively
News/media is just secondary. They can buy news/media to suit the context. The root value is Satoshi created the perfect supply/demand model for Bitcoin.
If a thing is produced in factory with total cost 100k$ | electricity cost 60k$
Everyone is trading it at 60k$
So it is obviously undervalued
U have no reason to sell here
Chop zone might last a bit below 66666
If you are in spot, just relax and wait a new bullrun.
It is quite fun and exiting when BTC hit local top and start a distribution zone. That' s zone Alts starts pumping like crazy. We can see alts +50-70% daily.
When Alts finish their job, BTC starts crashing.
It is quite boring when BTC in accumulation zone. Sometimes there are one or two alts pumping with max 30% daily. Only 2 or 3. The rest of market keeps sleeping until BTC breakout the range to a new bullrun.
What was the last time #BTC on Electricity cost ?
1/ Dec 2018
2/ March 2020
3/ May 2020
4/ Nov 2022
At new cycle: Electricity cost = 60k. I hope you guys not selling at PICO BOTTOM.
For low time frame view:
There are 4 tests already.
Following the 5th rule, the next strike will be A breakout. Let's see.
Demand:
- Buyers (more and more people in the work get into crypto/blockchain/bitcoin...)
Smart people know It is undervalued and decide to Hold
Crowds continue buy/sell/sell/buy for 2% profit and at some point It is failed to go down because of supply shock scheme.
Finally It will come back to its fair value then parabolic value.
Fundamental says “hey don't flip flop nothing changed “
Price low tf reaction “hey carefully potential wicks”
Please understand the battle in mind