BTC broke the bear flag pattern but a Great Depression is looming
Howdy Folks,
What a day we had yesterday, the market has not looked that sunny in ages.
The recovery after Tuesday´s crash looked already remarkable, but the pump finally broke the bear flag pattern.
BTC did not only break that pattern. It also broke all 20K resistance and broke the 21K resistance. So far it remained above, got rejected at 21.6K but seems to handle the rejection quite well.
My friends at Microstrategy are planning to buy another 500 million BTC. I hope they will get that money within the next 4 days because with the ETH merge on the 15th I will be selling around the 13 th of Sep. As I keep expecting the market to dump after the merge. It would be so nice if Microstrategy for once would be able to buy the dip because normally market dips after they buy.
No, I won´t sell my BTC of course. Just my little stash of go-fund my crypto adventure coins. The ones I buy low and sell high. Like ETC and LUNA, about Luna what the F happened to Luna, 200% up, these are whale games: LUNA had a relatively low market cap and a couple of whales have been playing with that.
That´s no baby bs there is proof, but for me, it was a great time to sell the LUNA I got from the airdrop (really not much) and make more free internet money.
So I am foreseeing a quiet and stable weekend with increased volatility from Monday onwards and a big depression after the merge this Thursday.
The Crypto Weather Forecast is my take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, and Always Honest.
Post Scriptum
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