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Fat Unicorn
Bearish
--・6 views
Repost & Update: The market price is always a reflection of the asset value at that time taking into account all aspects including potential future value. So the current value of BTC has baked into it the expectation that it will go to 150000 and all other high hopes that people have for BTC! As soon as people start to stop believing, the price will adjust downwards accordingly.Question is, how long will people continue to believe in 150000 Bitcoin in the short to medium term against bonafide indicators of overvaluation? The BTC chart below with bands and RSI incase you missed it👇 #BTC #treesdontgrowtothesky #BullorBear #Megadrop

Repost & Update:

The market price is always a reflection of the asset value at that time taking into account all aspects including potential future value. So the current value of BTC has baked into it the expectation that it will go to 150000 and all other high hopes that people have for BTC! As soon as people start to stop believing, the price will adjust downwards accordingly.Question is, how long will people continue to believe in 150000 Bitcoin in the short to medium term against bonafide indicators of overvaluation? The BTC chart below with bands and RSI incase you missed it👇

#BTC #treesdontgrowtothesky #BullorBear #Megadrop

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Fat Unicorn
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I fear my posts have been silenced/ shadow banned. I have gone from thousands of views to 6 in a post! 😝 #shadowban #BTC #Bullorbear #treesdontgrowtothesky #bear
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#ONG defying market logic again? Not likely. Everything catches a cold when #BTC sneezes. Be careful in these choppy waters. Remember if you're not in control you're likely going to end up the victim. Number to watch between .45 and .49 #treesdontgrowtothesky #BullorBear
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This is worth reposting! #Megadrop #treesdontgrowtothesky #BullorBear #Bear
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The market price is always a reflection of the asset value at that time taking into account all aspects including potential future value. So the current value of BTC has baked into it the expectation that it will go to 150000 and all other high hopes that people have for BTC! As soon as people start to stop believing, the price will adjust downwards accordingly.Question is, how long will people continue to believe in 150000 Bitcoin in the short to medium term against bonafide indicators of overvaluation? The BTC chart below with bands and RSI incase you missed it👇 #BTC #treesdontgrowtothesky #BullorBear #Megadrop
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In light of my previous forecast on #ONG returning to the golden ratio, 1.618, a few people have been asking me if the price will go up again as they bought well above .62. While no one can predict the TIMING of market movements, markets by definition will go down and will go up largely dependent on the whims of people. The trick is to make an intelligent guess (and that's all it is!) as to how high and how low and then wait to be proven wrong or right. If you're wrong, there's almost certainly something you missed and if find out and correct that you become better next time. With that in mind, below is the ONG graph but this time on 1 month candlesticks with Fibonacci ratios imposed. As you can see, the long-term view (possibly months or years but could be weeks ) is that the golden ratio is at $8.42! So if you have the emotional fortitude to wait that long then even if you bought at .82 you're ok. This is by no means guaranteed but it's an intelligent guess in the dark so DYOR and adjust accordingly. That's why I was short term bearish and long-term bullish. The longer the view the wiser the intention. #BullorBear #treesdontgrowtothesky #BTC $ONG
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