Post by
Biggainer on May 21, 2021 1:11pm
Games being played
It's funny how just 2 weeks ago, the media and the crypto bulls and pumpers were all saying how Bitcoin is going to $100,000 to even $1,000,000 a coin. Now pretty much everyone is sh*tting on Bitcoin, and in a very timely manner; - Mention of perfect Wykoff pattern (bearish pattern) on Bitcoin chart. - in mid May, Bitcoin forms a head and shoulders (another bearish pattern). - around the same time Tesla announces that it will no longer accept Bitcoin. - China bans financial firms from servicing bitcoin transactions. - U.S. treasury calls for stricter cryptocurrency compliance with IRS. - China calls for regulation for crypto and miners. Are games being played? Will they continue to consolidate in the 30k's? How long before the next leg up? (Whales are not done with this play). I'm not buying any more for the time being, but when the time is right I'm going all in. Just got to look for the right signs.
Comment by
Gonzinator on May 21, 2021 2:09pm
The China news is actually good news for north american green miners. As explained here https://twitter.com/michael_saylor/status/1395794942295953410?s=21
Comment by
Paray99 on May 21, 2021 3:17pm
What is this American green mining? That is another bulllsshit.... Some of these big guys run majority of their businesses in China, just to profit on the poor working people there and now talking big about green... green.... green... Total BS.