Total Crypto Market Cap Trendline of Doom
Updated
Wow. This trendline since 2015 hasn't been broken and is very strong support. If the Market Cap breaks this trendline even the most staunch HODLrs are going to have a hard time hanging onto their coins.
It's the whales/market movers/insiders job to shake out every seller they can so they can buy coins cheap at wholesale prices before bringing the price back up to retail prices to dump on retail traders heads.
Either we're at the "bottom" now OR the abyss we're about to fall into is the nightmare that will shake out every last seller before starting the most epic bull run in human history. It will take a TON of effort to push the price to 100k+. They need to load up on coins and print a lot of Tether to get it there. Just kidding. But yes, it will take a lot of capital to fill their warehouse and create FOMO candles to launch the price into the stratosphere.
It's the whales/market movers/insiders job to shake out every seller they can so they can buy coins cheap at wholesale prices before bringing the price back up to retail prices to dump on retail traders heads.
Either we're at the "bottom" now OR the abyss we're about to fall into is the nightmare that will shake out every last seller before starting the most epic bull run in human history. It will take a TON of effort to push the price to 100k+. They need to load up on coins and print a lot of Tether to get it there. Just kidding. But yes, it will take a lot of capital to fill their warehouse and create FOMO candles to launch the price into the stratosphere.
Trade closed: target reached
It's November 25 2019 now and the total market cap tanked right at my "trend line of doom" and market makers are shaking out the last of the sellers. We have entered the accumulation phase in earnest.Note
The total market cap fell 27% after I published this idea.Note
NOTE: The accumulation I mentioned on Nov 25 ALSO occurred and the market insiders are currently marking prices up to retail levels.Note
The insiders shook out the sellers and now Bitcoin is sitting right below the all time high. Wow...this analysis was ON POINT.Note
Wow. Just...wow. Bitcoin is above 20k and heading toward 100,000+
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
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