Before #Bitcoin sees sustained uptrends that last more than a few weeks, we often first have to see some type of capitulation …
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Bitcoin: Will A Capitulation Fuel The Next Rally?
Before #Bitcoin sees sustained uptrends that last more than a few weeks, we often first have to see some type of capitulation …
source
brutal market
The cycle is over, we had a massive volume run, then we had a VERY anemic second leg on no volume and a massive bearish divergence on RSI. Meanwhile tech and innovation stocks are getting sold off, sentiment is fearful, markets pricing in rate hikes in 2022.
Whatever will happen will have to result from something new. The only thing that can change the course now is something like spot ETF from GBTC buying another 500k BTC and reverse everything. How likely is that?
Please talk about ethereum
👍
How can small volume moves have such large effects on price… either way up or down. How is demand determined?
couldn’t we have already seen that with the huge wick from a few weeks ago? Comparing with 30k, we’re now retesting that wick, ready to consolidate and then pump
someone somewhere has to sell the bottoms, it's part of the NGU tech thesis. Until everyone understands what Bitcoin truly is, capitulations will occur
Could we have capitulation to the upside? Buyers capitulate and accept they just have to buy at current prices 😄
Something to note . In 2017 we held the line (bsb) at 3k in sept and then did not fall below this level neither in 2018 nor in 2020 liquidations. However, rn we have held the line at 40k in Sept,2021. Like, there is no more room for capitulation like before.
Another great instalment, Ben.
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Spot on.
Capitulation wick might be coming now
The technicals are nice but we really need some type of positive news event
No hope guys.. we are foooked
It's weird hearing you without the echo. XD
I don't think we're gonna see a new ATH until after the next halving.
Ben is in 'cool hair' mode … again.
Thanks for another great video. You help to keep me sane in this brutal market.
Tis but a scratch!
Its like jumping into a trampoline😄👍