thetradingparrot
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Will you take the blue or the red pill
🕑 Added 2021-09-23 14:36:00 +0000 UTCWe are at a very decisive moment.
October could become the first month of the second bull leg of the current cycle.
We could also fail to hold the 44k level (50 WMA) this week and head down straight towards the 200 WMA.
Check the idea I sent earlier in announcements ☝️.
Orchestrator has already sent two sell signals in the past month.
If we repeat the historic technical pattern of failing the 50 WMA I do NOT expect the orchestrator to send a third signal.
I’ll tell you why: we are no longer overbought so there is no longer any technical trigger that could send us another sell signal.
This means that we are in a matrix blue/red pill situation.
You have to make your own decision.
Do you follow the technicals that are bearish or do you trust more the on chain and fundamentals which are very bullish.
I’m personally taking it with caution. I’m half in half out.
And I have prepared loads of funds and Martyn bots to buy the dip until 30k BTC (although 200 WMA is at 16k now).
So in short, do not expect further sell signals from orchestrator. Decide if you want to pull out or if you want to ignore the technicals, trust the fundamentals + on chain data and look forward to the second bull leg.
Or like me, be half in half out. Your call!
Comments
🙂
I understand. I was just trying to make a funny remark.
There are plenty of times like this in crypto. And during those times if someone is trying to convince you they have the answer they are probably using you.
So, most likely, who knows.
Great analysis.
