BitcoinShort
Target 7.3-7.4K BTC Based on Bitcoin's Last Halving
History doesn't repeat itself... But it rhymes ;)
The two charts are two weeks pre-halving 2016 vs 2020 and the month after. Notice how today market participants are more intelligent and have front run the pump and dump on either side of the halving. Virtually the entirety of the first dump took place in less than 10 minutes. The pump after took place with 0 pull backs. Notice how virtually every hour had a higher open than one previous (did they program the bots to do this?), however, once target is reached... Surprise surprise, the sell walls appear. If history rhymes again, the action we've had suggests target of 7.3-7.4k to be reached in possibly half the time. The idea is invalidated if price crosses 10k. Stops at 9.5-9.6k could be safe but still susceptible to a large wick that is looking for liquidity before heading lower. It doesn't happen often but it's happened before.
The two charts are two weeks pre-halving 2016 vs 2020 and the month after. Notice how today market participants are more intelligent and have front run the pump and dump on either side of the halving. Virtually the entirety of the first dump took place in less than 10 minutes. The pump after took place with 0 pull backs. Notice how virtually every hour had a higher open than one previous (did they program the bots to do this?), however, once target is reached... Surprise surprise, the sell walls appear. If history rhymes again, the action we've had suggests target of 7.3-7.4k to be reached in possibly half the time. The idea is invalidated if price crosses 10k. Stops at 9.5-9.6k could be safe but still susceptible to a large wick that is looking for liquidity before heading lower. It doesn't happen often but it's happened before.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.