Bitcoin has been going through a lot recently!
Everyone is eager to find anything to confirm their suspicions.
With so much uncertainty, I wanted to help point out 2 things we know for certain.
Very soon Bitcoin is going to shoot up or shoot down.
That much we know is true especially since Bitcoin's price has stayed pretty much sideways for the past 2 months.
Since we know that Bitcoin will eventually break upward or downward the question remains.
What would that look like?
1. A Bullish Outcome
(Chart made by yours truly courtesy of Trading View)
Both charts here will show us the All-Time price of Bitcoin.
What we need to pay attention to here are the 2 bright green candles on the far right of the chart.
These green candles have not happened, of course; however, it shows that after May & June a Bullish scenario occurs.
It would most likely form a Morning Star as demonstrated by the 2 bright green candles
This tells investors that a brief scare in July occurs with both a massive drop and a massive rise occurring.
Followed by a wonderful rise and breakout upwards in August!
Yay!
That would mean there is plenty of time to sit this one out until the end of July or beginning of August.
2. A Bearish Outcome
(Chart made by yours truly courtesy of Trading View)
Here is the same exact graph except that the bright green candles for July & August are replaced by, you guessed it!
Bloody red candles of dumpage!
These red candles were drawn because in a bearish scenario a Shooting Star would be most likely to form on the All-Time charts.
In July it demonstrates a similar scenario to the Bullish chart except that it fails to breakout.
We would see throughout the entire month of July both a massive rise and a massive drop!
Yikes!
Followed by August with a slight bit of hope only for it to crash back down to that clever little yellow dotted line we see there.
What is that dotted line you ask?
That's our median!
I did all the nasty number crunching so no one else has to but to put it simply.
The median for the all-time high and the median for the all-time low is used to determine the median for the all-time-median.
Which turns out to be roughly 7500 give or take 😛
That there would be the number to worry about if a Bearish Scenario does occur!
Breaking past that would be super unlikely but then again. So was landing on the moon in 1969!
No matter which way Bitcoin splits I hope this at least prepares us all better to weigh out what we can or cannot take.
This is an All-Time Squeeze happening!
If we squeeze out and go up then we no longer have to worry so much about going down hard.
If we don't squeeze out, well we have many more months of squeezing to go through before we Moon hard.
Plus...
We can't go sideways forever, right?
Right!
This is precisely why experienced traders and investors are treading lightly all of a sudden.
By now we should have seen some sort break out, right?
Wrong...
Impatience is setting in hardcore for everyone right now even for experienced traders
Impatience is setting in even for cybercriminals!
(Thieves Caught Stealing Oranges)
Has anyone else seen how often stolen funds have been getting transferred as of late?
Or how many scams have been coming out?
Impatience is setting in and with impatience comes huge mistakes which only ever means one thing.
Huge volatility!
As well as huge disappointments 😭
You have likely heard a lot of "talk" recently from investors saying it's a really bad time to do anything right now.
Which again means only 2 things are certain!
Don't pull out and don't buy-in.
They are 99.9% right too!
Only 0.01% of that is wrong and that's only because right now it is merely the flip of the coin scenario.
Check yourself before you wreck yourself!
And by golly, do it quickly because the clock is ticking.
I don't care if you are gutsy or not, don't do anything you're not 100% comfortable with right now.
If you have gone all-in with everything you got, do yourself a favor and don't do that to yourself or your family.
If you have pulled everything out of your investments now, do yourself a favor and keep as much of it out as you can resist.
Don't get in over your head!
This is not a good time for the infamous FOMO.
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