Almost every conventional commodity increases supply as price and margins allow for it, thats just the way of the free market. That means increased supply to some extent is appearing alongside increased demand yet even normal commodities can rise a great amount. BTC deliberately limits supply hence it has a far more rapid price rise when demand appears especially, that usually means we dont back off a trend in demand till its completely exhausted on every time frame.
BTC has a while to go yet, its usually something that spikes up at some point and I did think the 2021 highs were far too calm to be feared in long term consideration.
Topic: Parabolic blowoff top or Rounded top - page 2. (Read 185 times)
Rounded top I think for me. The parabola doesn't look possible anymore, not when we've seen such long time in sideways trading close to the last (current) ATH and so far from the old ATH.
Institutions capture profits, but never liquidate entirely, if they're long term. Doesn't make sense to pull everything out because they're all about managing risk and taking advantage of booms.
I don't think institutions are stupid enough to srl for short term profits. They might pull out their initial capital at some point when they've got 4x on it but until then, they're probably riding the crypto hype - and there'll be a lot of people buying that sort of news if it's put in a way thst a company invested $4M, pulled out their initial capital and still have $12M at play (because retail will want to do the same).
Institutions capture profits, but never liquidate entirely, if they're long term. Doesn't make sense to pull everything out because they're all about managing risk and taking advantage of booms.
Since everybody is always expecting a parabolic blowoff top or bottom, usually the opposite will happen. Back in 2018 look at how many people kept thinking when it dipped below $6K it was a parabolic blowoff bottom and it would reverse, instead it slowly went down to like $3500 and stayed there for a month or two before finally reversing. I think it was the slow bleed to got many people impatient and got them to sell.
With bitcoins top? Who knows. Since people are expecting >$100K sometime in Oct/Nov most likely it won't happen. Its also possible that BTC might have a double top at $65000 since nobody expects that to happen. Usually we form a top, and then when we bounce we go to the 0.50-0.618 fib and then we resume the downtrend, however if we topped at $65000 many would be caught long if it was the top because nobody expects bitcoin to have a double top.
With bitcoins top? Who knows. Since people are expecting >$100K sometime in Oct/Nov most likely it won't happen. Its also possible that BTC might have a double top at $65000 since nobody expects that to happen. Usually we form a top, and then when we bounce we go to the 0.50-0.618 fib and then we resume the downtrend, however if we topped at $65000 many would be caught long if it was the top because nobody expects bitcoin to have a double top.
It's always the opposite that will happen when many are expecting it to happen. Looking at the chart today, I still think the market is overly swollen and could still dive to $40K before bouncing again. I can not be very positive for short-term traders, you got to wait for another month before putting back your money into coins.
I'm just going to wait for the ADA events first and see what will happen because I can tell there are big things that will happen after it.
Since everybody is always expecting a parabolic blowoff top or bottom, usually the opposite will happen. Back in 2018 look at how many people kept thinking when it dipped below $6K it was a parabolic blowoff bottom and it would reverse, instead it slowly went down to like $3500 and stayed there for a month or two before finally reversing. I think it was the slow bleed to got many people impatient and got them to sell.
With bitcoins top? Who knows. Since people are expecting >$100K sometime in Oct/Nov most likely it won't happen. Its also possible that BTC might have a double top at $65000 since nobody expects that to happen. Usually we form a top, and then when we bounce we go to the 0.50-0.618 fib and then we resume the downtrend, however if we topped at $65000 many would be caught long if it was the top because nobody expects bitcoin to have a double top.
With bitcoins top? Who knows. Since people are expecting >$100K sometime in Oct/Nov most likely it won't happen. Its also possible that BTC might have a double top at $65000 since nobody expects that to happen. Usually we form a top, and then when we bounce we go to the 0.50-0.618 fib and then we resume the downtrend, however if we topped at $65000 many would be caught long if it was the top because nobody expects bitcoin to have a double top.
Blowoff top for sure friend. That’s just the way these things play out. Institutional types won’t be selling at all. They’ll sell their shares to regular folks and get paid from collecting management fees while holding Bitcoin. I say $135,000+ in December is still a realistic target.
I think the fact that everyone is expecting a blowoff top is precisely why it won't happen. Everyone seems to have the idea that the cycle HAS to end with a blowoff top because the last 3 times, it did.If you were a hedge fund and your goal was to maximise risk-adjusted profitability, what would you do, knowing this that everyone is expecting a blowoff top at say $130k+ ? Would you sell when everyone else is selling? Or would you make sure you've left enough space to dump all your bags on the normies. Keep in mind hedge funds, unlike normies, can't go in and out of positions as fast as us normies, because they have large sums of money. They would need to start off loading early. Which will lead to rounded top, as normies buy them bags but quickly gas out since normies alone will not be able to sustain rallies.
Will we get a parabolic blowoff top or a rounded top or top already in?
I think we will get an underwelming rounded top at around 75k maybe around early 2022.
Those slimey institutional types are going to tap the bloody brakes and will try to front run exit us normies.
I think we will get an underwelming rounded top at around 75k maybe around early 2022.
Those slimey institutional types are going to tap the bloody brakes and will try to front run exit us normies.
Blowoff top for sure friend. That’s just the way these things play out. Institutional types won’t be selling at all. They’ll sell their shares to regular folks and get paid from collecting management fees while holding Bitcoin. I say $135,000+ in December is still a realistic target.
I don't think institutions are stupid enough to srl for short term profits. They might pull out their initial capital at some point when they've got 4x on it but until then, they're probably riding the crypto hype - and there'll be a lot of people buying that sort of news if it's put in a way thst a company invested $4M, pulled out their initial capital and still have $12M at play (because retail will want to do the same).
Short term profits is exactly what institutions do. They don't buy and hold. If they bought at $20k which is what most institutions did early in the year, then $75k is around 4x which aligns with my target.My point was they're not going to wait around for a $200k Bitcoin like them moonboys. They want to front run us normies on the way out of their positions. And catch us off guard. They do this bit exiting early. Resulting in a rounded top. Whilst most of us normies will be waiting for a blow off top. End result: institutions end up with profit, normies end up holding bags.
I don't think institutions are stupid enough to srl for short term profits. They might pull out their initial capital at some point when they've got 4x on it but until then, they're probably riding the crypto hype - and there'll be a lot of people buying that sort of news if it's put in a way thst a company invested $4M, pulled out their initial capital and still have $12M at play (because retail will want to do the same).
Will we get a parabolic blowoff top or a rounded top or top already in?
I think we will get an underwelming rounded top at around 75k maybe around early 2022.
Those slimey institutional types are going to tap the bloody brakes and will try to front run exit us normies.
I think we will get an underwelming rounded top at around 75k maybe around early 2022.
Those slimey institutional types are going to tap the bloody brakes and will try to front run exit us normies.
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