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

For all of those crying foul at the tactics of "whales" on this platform, just remember that Binance; where you have your money, is the biggest whale of them all! Doesn't mean you should hate them, just play accordingly! #BnbAth DYOR

I may be silenced but I'll post for posterity anyway. The coins listed in futures are manipulated by the chief market maker (Binance??)! I've always been against regulation of crypto but the derivative activities definitely need to be regulated! It literally amounts to a sophisticated cash heist worse than Bernie Merdoff #fraud #BTC #Memecoins #Futures_Trading

This holds wickedly true.
#treesdontgrowtothesky #bear

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

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

#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

This is worth reposting!
#Megadrop #treesdontgrowtothesky #BullorBear #Bear

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

5 days ago I made the below post. #ONG went on to hit the 80s after that post. As of now, we're back at the golden ratio as below. I've never known anything to defy the Fibonacci ratio 1.618. Turns out trees don't grow to the sky after all. ONG DID catch a cold when #BTC sneezed. This should be a lesson to all. Don't be an emotional gambler. By the way, BTC is still ABOVE the top Bollinger band on the 1 month graph....see my other posts on that!
#treesdontgrowtothesky #BullorBear #bitcoin

This is the TRB 1 month graph. It is obvious evidence of something with no intrinsic value that has been heavily manipulated for other purposes. For those of you thinking that you could make an honest buck trading futures on #ONG I strongly urge you to consider this graph. ONG is small enough to be manipulated by a chief market maker. Essentially you could be donating your money. You go long - it's manipulated short, you go short it's manipulated long. Spread to others before this message is censored and DYOR #treesdontgrowtothesky #MarketManipulation #BullorBear

I wonder how long #ONG can continue to defy the golden ratio? 😂. At over 0.62 its punching waaaay above its weight. Risky strategy from the chief market maker...if BTC sneezes they're toast! Maybe they'll make this particular tree grow to the sky after all! Let's wait and see!
#treesdontgrowtothesky #bullorbear #BTC

The advent of Bitcoin ETFs, Futures trading, Margin and everything in-between reminds me of the derivatives bust of 2007 - 2008. Crypto is fast becoming divorced from its cryptographic utility and becoming a vehicle for wild and complex financial speculation. At this rate, one of 2 eventualities is possible neither of which are particularly attractive:

1. Regulation

2. A nasty bust then regulation

#ONG #bullorbear #treesdontgrowtothesky

Two questions to consider in light of the Bitcoin halving fiasco:

1. Does a market effect continue to be true after a critical mass of people know about it?

2. Who are the incremental buyers?

#BullorBear #bitcoinhalving #btc #Memecoins

BTW.... we're still here 👇
#treesdontgrowtothesky #BullorBear #BTC

One way to make money is to know the intentions of those that make the rules of the game and sell the ticket to the game then align yourself to their intentions. While fundamentals are good, you're still not the one in control if you're buying a ticket to the game so act accordingly. Oh and stop taking advice from the vendors at the game selling hotdogs AND antacids in the same cart! - they had to get a ticket to get into the game just like you; DYOR! Ask yourself this ; what is the chief market maker trying to do? When you've worked that out don't try to antagonise him unless of course you fully intend to start selling tickets to your own game!
#BullorBear #SHIB #ONG #bitcoinhalving

24 hours from my last post #ONG has had a massive swing back up; something is definitely up! Interestingly, when coins/tokens display this sort of volatile anomalous activity Binance slaps them with the "monitoring" tag. I wonder will they do the same with ONG given its strange behaviour in the last few days and for the simple reason that its been more volatile than most everything ? even temporarily ?? Somehow I strongly doubt that. Let's breakout the popcorn 🍿, watch and see where this is going. Not bearish not bullish but watchfully waiting #knowhoyouareupagainst #treesdontgrowtothesky #BullorBear #bitcoinhalving

I'm seeing all sorts of "technical analysis" as to why #ONG is down which really miss the point. I said a few posts ago that the behaviour of #ONG was anomalous; suspecting that the chief market maker was artificially keeping the price up to combat shorts. Well, it seems with bitcoin halving tomorrow the price was tactfully brought back down to reduce exposure risk to a sudden crush and also to gain a tactical advantage against shorts in this eventuality. ONG is normally very sensitive to #BTC and there is hardly any other explanation for its short term decoupling from BTC ; the chief market marker, whoever that is, is obviously keen to reduce exposure risk. You will also crucially note that the price was brought down AFTER BTC had stabled off, meaning they could reverse the trend to cover any ridiculous shorts if needs be during the process.
#knowhoyouareupagainst #treesdontgrowtothesky

All this pain and we're still only there 👇
Never invest without insurance, as previously stated, making money only when the market is going up is like walking on one leg when you've got 2 perfectly functioning legs!
#treesdontgrowtothesky #BullorBear #SHIB

When the figure in the orange circle goes below 20 and the candlestick gets to the purple line shown by the arrow all on the 1 month chart; it will be time to buy with reckless abandon REGARDLESS of the price and whatever news will be doing the rounds. BONUS: If the CBOE vix is also over 60 at the time, sell your boss, colleagues and underwear!! DYOR though and this is definitely NOT financial advice. #btc #treesdontgrowtothesky #etf