Just add phoenix eggs, salt, pepper, and a dash of cocaine
Prologue
Hello everybody!
My name is Mickey, also known as Tezkatlypoka from Reddit.
Since to this day I have not written a story about Bitcoin, it is time for me to bring here some action from the back section, without afflection pouring from the BTC manipulation.
Manual to this article: You have to read this article from front to back and show your grace. After all, that is how literature works, right?
(unless it is instruction manual, in which case no one reads them at all)
Introducing
| Info | White Paper | Team |
|---|
Play the soundtrack for better immersion and lets get down to business!
Introduction
Bitcoin is an encrypted digital currency which rose like a Phoenix from the dust of American economic meltdown back in days around 2008 when the world was choking with 400 trillion
worth of debt. During the aftermath of this slumber, and with a need to finally cut away third parties control over our payments and money overall, Satoshi Nakamoto came out with a
transparent and decentralized solution with an intention to bring the balance back and put a power of the people back to the people. It was the just year 2009 when Bitcoin`s white-paper has gotten to the hands of its first readers and saw sunlight for the first time.
Another critical phase in our world economy was 2013, but that wasn't a crisis. The situation of that year could have been described as an endless story of greed with its origins in real estate riot and infinite loaning.
These loans and people not being able to give the money back, while still buying real estate for ridiculous prices, signed this devil downfall contract of this “easy loan” system with their own blood, and sentenced themselves to a fate of certain bankruptcy. Bitcoin popularity was on the rise these days.
Somewhere at the beginning of the digital age
The situation with Bitcoin today can be described with Titanic (the movie) music band metaphor. The band kept playing as if nothing is wrong until the very end, even though that they were facing certain death in the moonlight exposed cold winter night. After an auspicious end of the year 2018, a healthy correction has to arrive. Nobody expects it to be this massive. People do believe in a possible bullish run thanks to Consensus aftermath, like it was in the past, thanks to more prominent positive media exposure, but the problem is somewhat different this year. Crypto doesn't need another medial interest to get back in the racing saddle.
BTC is around 7500 level now. As we can see 7400 is super essential support level, and future of this bull run lays in the depths of these peaceful waters at this moment.
A few days back we were looking at potential retrace to 7100-7200 area, but its bit different situation now as we made a healthy double bottom at 7400 area.
Also, the flag we are building now in a short-term graph is more of a bull flag than bear flag atm, needs still few hours to confirm itself more its now done about three touches, and usually we need five before we break anywhere.
This is not definitively the end of BTC, but things are getting a little bit ugly right now. BTC starts to become a pray. BTC is manipulative now with futures/ options trading on Wall Street, and it is now controlled by the ones we were cheering about last year.
Part of the bankers throws unlimited fiat money after shorting BTC. Like they do with gold and silver.
They want to stop this hype and earn money by shorting it in the meantime.
The second part of these people with a substantial amount of money didn't throw their money away. They were accumulating on the house with our money. Ordinary people sell for FUD when these guys were shorting it down for massive gains, and they haven't had enough yet.
They also did some money throw in December, but the essential ingredient in this bitcoin shorting soup is not to put more fiat into the cooking pot, but simmer it in its own juice. Colossal money cartels are shorting and holding the whole thing down. BTC is no longer independent and becomes part of the suits game.
The only thing that can break this is a vast fiat crisis or massive adoption of crypto.
That's it. But on the other hand, I don't see BTC coming lower than 6000 because I don’t see a lot of bad news incoming here actually for going into newer and lower lows.
A lot of people still have faith as I do for crypto. We only have to take into account the manipulative character of the futures market. Bitcoin can drop a little bit more, but I still think a bull market will hit very soon. We need a catalyst here. When it finally decides to go, it will go up fast. I believe July can be that month when catalyst will be ignited.
I already heard some people speaking about the possibility in which BTC will be 11-12 K
in next three months. People in my surroundings who are involved in crypto since 2013 predict BTC value at 55K by the end of this year. So yeah, this is another point of view you can apply here.
Conclusion
Maybe there will be no doomsday for the crypto world, but perhaps they will be one for fiat instead caused by the pile of tremendous debt which is arriving from the fiat world.
The net asset value of a fiat currency is zero as zero assets back it and only on a growing debt amount. That’s why trust is the only factor here which is holding up the fiat currencies. And trust is a very volatile concept which can suddenly disappear.
As you can see, you can't fight this alone (or you will become known as a #StayPoorForever), and you can't outplay these big players who are ruling the world these days. You can play the game with them. Make money on its way down and be ready to sell when everybody obtained their faith in crypto back, and greed and green candles will start to deliver crypto positivity again.
This is still a land of opportunity and considerable confusion, but if you can stay still this violent winds of manipulation, you can reach an ending point of useful wealth.
Success is not possible to buy, but you can loan it by consistent and resilient work. Strong attitudes, smart alliances, technical analysis empowered by background knowledge and strong community's opinions coming from well-educated members can do you some good.
I can't provide you with all these weapons of choice, but still, I can deliver a one helping hand to you which is awaiting you at the end of this article.
Wise could also be investing in Seal since they have a solution for this world; starting with Europe. You can consider be breaking your porcelain pigs and jump on the Seal boat`s board as it is slowly rolling out of its ICO docking bay.
Thx for reading another article. You are now allowed to claim your bounty now.
Let me introduce you to my friend Mike who is a professional trader and does a quality technical analysis which he shares with his Twitter community. Follow, comment, read, like and watch,follow, learn, love then subscribe. Because the all market does talks.
Go and see more stuff from my library!
If You have any questions regarding my article, send me a message in the bottle
(Prefer Tequila) at Telegram or shoot a shouted "Tweet".
Never stay tuned
Mickey