Take a cup of coffee, tea, beer or whatever which makes you chill.
Let's create a story of Rich Richard.
What if 6500 was "the bottom"? But what if someone does not want it to be anymore?
Can you BUY all of BTC when big dump happen?
Let's assume Critical for BTC scenario..
Let's take scenario where there is someone we can call "MR. WHALE" and his DAD.
Mr. Whale does not like to lose money, instead he makes it a lot.
What if he could help previous bull run to happen? Why HE would like it to happen and crash around 20k level?
Remember mysterious player on Bitmex with over 1bln short position and made 600mln profit?
Last time I showed that gold creates dangerous bearish divergence. If Crypto assets are correlated, similar drops can happen also here.
Accumulation/Distribution is long term indicator which divergence can show very strong buy/sell signals when using with other indicators.
Even we drooped from 13k level to 8,8k for today, A/D is growing - bullish divergence - someone is pumping his bags heavy with BTC huh?
In last analysis I showed how BTC can form bullish divergence on RSI and MACD and when it will happen - we need significant price moves.
Strong MR WHALE line indicates that game is not over yet. But if HE loses, his DAD takes place and carry their bags to financial freedom.
Let's assume that he takes position every time price drops to "DAD" line. His R-R is 100 to 1, 50 to 1 !!!!!
Let's set that he will take trade (or not) one day, when price reaches his lovely buying opportunity level. Let's give this trade R-R 25, and SL for 10% price move.
It will take us to last top - 20k
If you like stories like this, give it a like!
P.S.
in movies are hidden truths.