BitcoinLong
🅱️Silvergate Bank ShutsDown, Bullish Signal? Bitcoin Unaffected
A development that just last year would certainly crash Bitcoin down to new lows, today only produces a small scratch on Bitcoin's price.
Pressure from all around.
Bad news: Inflation, the SEC fighting everybody in the Crypto-industry in order to advance their personal agenda, companies going bankrupt, all hell breaking loose... Bitcoin drops by $300 dollars.
Seriously, this is a major bullish development.
The sentiment continues to get worse by the hour yet Bitcoin seems unaffected.
This week is the third week that Bitcoin has been red since 13-Feb.
In 3 weeks Bitcoin drops by a total of 14% or just about $3,608 USD... Think about it.
Back in November 2021 in 3 weeks Bitcoin dropped by 37% or $24,709 USD, big difference. In fact, it is normal to see Cryptocurrencies correct by 30%, 40%, 50%, 62% and even up to 78% after a bullish wave... The fact that we are having this strong resilience with so much bad sentiment and bad news is the strongest bullish signal we can get.
- From March 2022 to June 2022 Bitcoin drops by 63%.
- Just one candle in November 2022 produced a 26% drop...
✔️ Fast forward to 2023.
The first two bearish weekly close happened late January and early February, not even relevant and the entire drop was recovered the following week plus a new high, bulls win.
✔️ Fast forward to the present day.
Bitcoin has been dropping? No, consolidating for three weeks... Yes, this is consolidation... After consolidation we will have another leg up.
Just watch!
Remember to people saying "No volume!!!"?
Notice the last three red weeks, no volume!
I am calling my friends... It is time to buy.
Let's reverse this thing!
Namaste.
Pressure from all around.
Bad news: Inflation, the SEC fighting everybody in the Crypto-industry in order to advance their personal agenda, companies going bankrupt, all hell breaking loose... Bitcoin drops by $300 dollars.
Seriously, this is a major bullish development.
The sentiment continues to get worse by the hour yet Bitcoin seems unaffected.
This week is the third week that Bitcoin has been red since 13-Feb.
In 3 weeks Bitcoin drops by a total of 14% or just about $3,608 USD... Think about it.
Back in November 2021 in 3 weeks Bitcoin dropped by 37% or $24,709 USD, big difference. In fact, it is normal to see Cryptocurrencies correct by 30%, 40%, 50%, 62% and even up to 78% after a bullish wave... The fact that we are having this strong resilience with so much bad sentiment and bad news is the strongest bullish signal we can get.
- From March 2022 to June 2022 Bitcoin drops by 63%.
- Just one candle in November 2022 produced a 26% drop...
✔️ Fast forward to 2023.
The first two bearish weekly close happened late January and early February, not even relevant and the entire drop was recovered the following week plus a new high, bulls win.
✔️ Fast forward to the present day.
Bitcoin has been dropping? No, consolidating for three weeks... Yes, this is consolidation... After consolidation we will have another leg up.
Just watch!
Remember to people saying "No volume!!!"?
Notice the last three red weeks, no volume!
I am calling my friends... It is time to buy.
Let's reverse this thing!
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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