Retesting Strong Support for the Fifth Time

19 May 2021

Manipulation at play... don't give up your coins. Bull continuation is coming! Hold or buy are the only options here. If you're nervous, ZOOM out and STOP looking at short timeframes. Use the 8-hour or daily to assess where we are be glad you're on the right side of the trade.

19 May 2021

Not

Technical analysis is a wonderful thing. We need to take into account some historical markers. Check out this chart on the price of BTC after halving. We are seeing the same retracements that occurred in the last two cycles. At the moment, we are right on schedule, even with this near 40% pull back. The parabola will happen. Whales are shaking weak hands and scooping up the spoils. I have observed several divergences on the 8-hr and the daily that were challenged. Inflation (4.2%) has frightened some, the scare of rising interest rates, add some Elon to that and top it off with some "Wyckoff Distribution" and we get this dip.

Here is the halving chart you need to take into account: twitter.com/HalvingTracker/status/1392702439372034050/photo/1

Purple = 2012 Cycle
Green = 2016 Cycle
Yellow = Average of 2012 and 2016
Blue is NOW.

See the parabola by September?