BITCOIN: BULL VS BEAR CASE- YOU DECIDE

17 May 2021

Hope this helps you decide....

In summary, MY Strong opinion weakly held (as a wise trader says): Near to the Bottom

-Too many strong levels to beat to the downside.
-Economy bubble (Druckenmiller comments summarize this well)
-Stock to Flow model: solid model always beating opinions

Bear case: measuring the environment´s hype badly?
Chart NOT looking as sexy as you would want.

17 May 2021

Not

COULD BE A REACCUMULATION

19 May 2021

Not

Flush was HARD AF. A bit further than projected (blue).

If bulls are still living, we should see a reclaim and hold of 40k soon.

Another scenario is that we will have another additional supply test downward (they´ll try to squeeze the lemon hard), but hopefully not.

Lots of stubborn shorts in the market? probably yes, probably a great squeeze could happen to the upside. (my inclination as per today)

Leverage has been the MOFO killer of both bulls and bears this market.

Play safe, rebalance size to a "sleep well level".

Oss.