This might be the best Bitcoin chart you’ll see today.
Look closely at what happened around previous all time highs. Bitcoin repeatedly pushed above prior ATHs, only to reverse aggressively afterward and liquidate traders who were positioned for continuation.
In other words, Bitcoin’s price history is full of traps and false breakouts. This pattern has repeated consistently throughout the years, eventually pushing many investors to give up on the market entirely.
And every time the market tried to move higher, a large liquidity pool was sitting below.
As long as the market doesn’t flush out excessive bullish confidence and leverage, a sustained move higher becomes much harder.
This pattern has repeated throughout Bitcoin’s history, and there’s a good chance it continues.
Because in the end, liquidity, positioning, and human behavior are what move the market.
If you’re not using the right tools and don’t have a deeper view of what’s happening behind each crypto asset in your portfolio, achieving consistent financial success in this market becomes extremely difficult.
Data > Narratives.
Look closely at what happened around previous all time highs. Bitcoin repeatedly pushed above prior ATHs, only to reverse aggressively afterward and liquidate traders who were positioned for continuation.
In other words, Bitcoin’s price history is full of traps and false breakouts. This pattern has repeated consistently throughout the years, eventually pushing many investors to give up on the market entirely.
And every time the market tried to move higher, a large liquidity pool was sitting below.
As long as the market doesn’t flush out excessive bullish confidence and leverage, a sustained move higher becomes much harder.
This pattern has repeated throughout Bitcoin’s history, and there’s a good chance it continues.
Because in the end, liquidity, positioning, and human behavior are what move the market.
If you’re not using the right tools and don’t have a deeper view of what’s happening behind each crypto asset in your portfolio, achieving consistent financial success in this market becomes extremely difficult.
Data > Narratives.