07/08/2024
🚨🚨🚨MAJOR MARKET UPDATE🚨🚨🚨
First and foremost, I’ve been talking about this Wykoff accumulation pattern that we are potentially in during this consolidation. This drop is most likely the spring and other data like the bitcoin liquidity chart showing billions of dollars sitting at 72K would definitely cosign the market going up to 72,000. You can see the Wyckoff schematic in the first photo.
That being said, I have also been warning about the $9 billion in bitcoin that is about to be returned to all the people who purchased it at and around $50-$1000 back in 2015 who were hacked and are now just getting their coins back. Now there’s two outcomes that can potentially come out of just regular people maybe some professional traders and a small amount of institutional traders receiving these funds back and what it could do to the market. My assumption being that this pull back that we had as of recently was the initial sell off of all the paper hands who received their coins back. I have not checked this with unchain data yet which is something that I’m absolutely going to do as I have another potential theory. if you were involved in bitcoin back in 2015, then you have to be knowledgeable about how money flow works during a bull run and the smartest thing you could do when you receive these coins back as opposed to selling them although you may have purchased $1000 worth of $50 apiece and that’s worth over $1 million now, the best course of action would be to convert your bitcoin into alt coins before all season starts.
You can see that MT. GOX (Created by Jeb McCaleb the cofounder of XRP and the founder of XLM) has just released the first 2 billion in BTC to be sent out of the 9 billion just within the last week in the second photo attached to this post. This is the reason we have pulled back soo far. Something you can find out prior to the pullbacks happening by becoming a VIP member. I CANNOT SAY THIS ENOUGH, IT MAY HAVE BEEN BORING OVER THE PAST FEW MONTHS IN VIP BUT, OVER THE NEXT YEAR I ASSURE YOU THAT I WILL BE POSTING BEFORE AND AFTER PHOTOS OF COINS THAT I POST THAT HAVE HUGE POTENTIAL AND THEN THE AFTER PHOTO OF THE 50X TO 500X GAINS THAT CAME AFTER! IM NOT IN THIS FOR YOUR MONEY SO I WILL DO THIS, IF YOU’RE SKEPTICAL THATS UNDERSTANDABLE. YET, I’M WILLING TO OFFER A FULL MONEY BACK GUARANTEE THAT IF YOU ARE UNABLE TO 10X YOUR ACCOUNT WITHIN THE NEXT 18 MONTHS, I WILL RETURN EVERY PENNY YOU PAID IN MEMBERSHIP FEE’S! ALONG WITH THE OTHER GUARANTEE THAT YOU ALSO GET A FULL REFUND IF YOU ARE NOT ABLE TO DOUBLE YOUR MEMBERSHIP FEE MONTHLY USING THE DAY TRADING STRATEGY THAT TEXTS YOU TRADE SET UPS MAKING IT SOO EASY A PR***EN COULD DO IT OR YOUR MONEY BACK! WE DONT WANT ANY MONEY FROM ANYONE UNLESS IT MAKES SENSE FOR BOTH OF US PERIOD!! RANT OVER….
I need to look at more data like I said to confirm or at least be more confident on the effect of $9 billion of bitcoin liquidity hitting the markets but, I would be very grateful to see bitcoin pull back down to 20,000 before starting the rest of the bull market. Things are different this time because minors who usually set the price for bitcoin between their selling which creates supply in the market, the price down and creating less bitcoin over the next year at double the cost to create one meaning the price should at very least $120,000 Within the next 18 months. However, the minors were able to actually sell off a decent amount of their bitcoin at all time highs prior to having. This did multiple things that the cycle has never seen before for minors. #1: minors were able to gain more profits from the bitcoin that they had mined during the bear market due to the fact that we reached all hives before the having. This is a big deal because a lot of minors usually go out of business after the having happens due to unexperienced book balancing. #2: The new all-time highs before the having also is some thing that has never happened before however there is generally always a large pump before the having followed by a large dump right after the having or right before the having prior to the official market starting. I personally think that we are going to have a post having pull back. At least I hope we do. I hope to see bitcoin drop down to $20,000 over the next few months. If this does happen, we will likely see this actual Bull market last until near the end of 2025 most likely.
In the last photo you can see Minor capitulation. It is very possible that we just hit our bottom. However, this Mount Geoge situation could end up being a black Swan event or could be a major bullish driver for all coins. It all depends on what these people do who had bitcoin from anywhere of a price at $50 All the way up to $1000, had to wait nine years to get their coins back which are now worth anywhere from 100 times whatever money they put into it down to 50 times the money they put into it. I will be able to tell Over the next week what it seems like the trend of these wallets will be doing based on data on Glassnode.com.
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