Altcoin Miyagi
Altcoin Miyagi 3 minutes reading from Bitcoin

Bitcoin Price Continues to Fall Toward $16k Despite Recent Bull Run

My thoughts on BTC

You see all these complicated charts on BTC and no one is posting the one that matters.

BTC has been in a downtrend since Nov 21' we have have wars going on, FTXScandal LUNA debacle and yet the only thing BTC is guilty of at the moment is

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...Coming down to potentially retest the MACRO support.

14k is the most important level, it is the monthly close from the last bullrun. We tapped it again in June 19' and that sent us down 73% to 3.8k. until eventually we broke to the upside and the rest is history.

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The point I'm making is you don't need all these silly charts and on-chain analysis all the time, because at the end of the day it is clear what is happening. 🤷‍♂️

Don't get me wrong, I'm not saying we wont get a wick lower but people really need to start zooming out and...

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Being patient, we have seen the worst things happen in crypto since forever, these things happen in bear markets. 🥲

If anything it is one of the most bullish things I have seen that we are still trading above 16k after all that has gone on. But let me tell you...

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These are the times to be BUYING and ACCUMULATING 🤑 because that is what smart money is doing. We have started to print bullish divergence on the weekly RSI, wouldn't surprise me to see another push down to create 3 drives and then breakout to the upside.

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Anyway last thing from me on this, clear your mind and stop letting people cloud your judgement and scaremonger you, all they want is your money! 🙂

Follow me because I genuinely want to help people do well. That's why I do this.

Miyagi out 🔮

This post is based on this twitter thread.

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