Every day people thank me for my educating them, reporting each exact pivot from LOD to HOD to down to the minute, never have I upset so many people as I did when I tried to educate the to the technical damage that they do, when they “act the pawn” by assisting paper in taking down bitcoin as an alternate economy.
in 2000 when the dot.com bubble burst, I wanted to know for sure, before everyone else that a recession is comming. From extensive research I learned the signs of a BEAR market comming. one the flight to quality, traders fearing to buy stocks rush into the 1 year T bill, gold, REITS, sin stocks that never go down in a Recession. Two the technicl indicator? The 50 day EMA crossing down and going under the 200 EMA, look at this chart, see the 50 Day EMA pale blue, crossing under the 200 EMA.
The more often this happens and the longer the duration the closer we are to the next recession. massive submission to Paper Selling byh shorting can cause technical damage to bitcoin and the economy. These are simple facts, I’m not interested in justifications or excuses as to why you would short L6 driving it down to L7 today, L6 used to be an imaginary level as the pivots only included L5 to H5. Remember when TSLA and NVDA used to be two of the best stocks in America and the world. Remember when TSLA had amazing earnings quarter after quarter buty weren’t as out of this universe as expected, and TSLA was seriously damaged, leading to 3 months of selling. The 50 EM went under the 200 indicating technical damage. I short too, at night when the market corrects and sets up for a rally the next day as bitty did before Trump_A_dump. it is extremely naive to believe the market is a fair exchange seeking the real worth of an index or a stock.. Shorting at L6 is dangerous and damaging to bitty. this chart shows how it creates recession like state, and shows how by shorting the extreme lows one becomes a “pawn” or a “tool” for paper, playing into the Billionaire’s hands as they take your bitcoin super cheap.
One final proof of concept is look at order flow next time this happens, all the shorts are retail traders,all the longs are Bull Whales, you can clearly see the size of the greater than $1 Million dollar longs, and you can tell if they were pulled or traded by looking at a 1″ chart. If $5M or 10M get’s filled price goes up on a 1″ chart.