Bitcoin Second Chance (BTC)

It was created by a US military black ops program, so that kinda makes it American by default.

Lol. 😂

$btc

Hourly range broken out ✅ Daily first main target loading ⌛️ + small educational rant

The range we called a week+ ago has now resolved and broken out towards the expected direction.

It was 8 long days of watching bears farm engagement of how "they were right" and "how longs were wrong" (just filter the X timeline on to the time of both lows placed and you see the funny posts), here encircled in green.

Yet in reality, the respective followers likely sell at the worst time.

Not to call them out, not to be bitter. This isn't "bulls vs bears" or "right vs wrong". All power and respect to all market participants. To be frank, this is how the market works.

But a think a little bit of fairness is allowed because engagement farmers make themselves often look good and are often praised because they post during peak emotional times, but most posts come out and are repeated heavily only when lows are reached.

That's why they suddenly posted 10+ times when lows were reached, yet were mostly silent before the move.

Meanwhile, the they put out some hedged posts where calls are made for "rallies coming next in July", justify it with 1 data point that fits their bias, and they are ready to farm again.

Of course, if we would head lower, they would never speak about that call anymore, it's just to hedge their opinion, which they will continuously talk about "I told you" once price does go up.

In essence, lots of words, lots of chatter, but ever wondered why they never share a single entry or exit in the process, playing it very safe?

Do you see what I mean with engagement farming/trying to be right versus making money?

We have seen it at 60k in Feb, and at 60k in June, both times, calling for 50k and lower, we still haven't seen the level yet.

It's not necessarily the call for the level that's wrong, it could very well happen. It's just the sheer timing, where the engagement posts happened at 60k. Bear posts at the time, yet they were the best times to go long instead.

It's the hedge fund trading floor mania repeating itself on social media platforms at large.

So instead of going lower, the range formed (giving time to farm engagement and build sentiment), and then, went the classical other way of the sentiment, towards my daily first main target area.

Still some ways to go, but I do think we get there.

The range ends, and also the ranting ends, for which I apologize. But just wanted to highlight this as educational material, as this was a great opportunity with the extent of time we ranged, exposing a little bit the reality of markets.