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The Way of the 🐢

@HackneyCrypto

#crypto trader. 🐢 trading strategy since ‘16. follow to learn the way of the Turtle. not investment advice.

 Mario Land
Joined January 2018
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Agreed. Posted a similar set of TA here: teapawt.net/hackneycrypto/status/1…
Will (@WClemente) profile pictureWill
@WClemente13 May 2022
For the past few months, I have been saying it's a great time to DCA heavily. Now I believe Bitcoin is very close to a multi-generational galactical pico-bottom where I plan to allocate all of my dry powder for my grandchildren's grandchildren. Let me explain below:
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Finally we have the Fear and Greed Index lookintobitcoin.com/charts/b… Fear is at 9 which is extreme and not seen since, again, Mar 2020, and before that Dec 2018.
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Next is the Logarithmic Growth Curve lookintobitcoin.com/charts/b… Price has dropped below the lower range of the curve, not seen since Mar 2020.
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Next is the Mayer Multiple charts.woobull.com/bitcoin-m… At 0.626 - a low not seen since Mar 2020.
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Next up the MVRV Z-Score lookintobitcoin.com/charts/m… Close to buy signal. Z score of 0.34. Buy signal triggers at 0. Last seen Mar 2020. Dec 2018
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First up the 2-Year MA Multiplier lookintobitcoin.com/charts/b… Buy signal, last seen since Mar 2020. Dec 2018
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Replying to @BitcoinArchive @zhusu
And this is good news? Retail gets rekt ‘cause of institutional manipulation, then institutions buy the dip
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Replying to @crypto_seer @FatihSK87
That’s crazy but so is tech. NFLX down 75% but still up 30x from lows…
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Price action is responding very well to the ghost bars pattern taken from the Dec 2017 bear market. If it continues to follow this pattern then we will see support at the $29K-$32K range. Cycle bottom 2%K in Nov. M. Twain “History Doesn't Repeat Itself, but It Often Rhymes”
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Well we didn’t have to sit on our hands for long did we….
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