Peter Inspi

BTC Update | Next FPLP Level 🔓 We've seen a nice move upward for Bitcoin! Thought I'd reward all you werewolves for last night's hard work during the pump moon. 🌕 Here's the next FPLP Profit Taking level: 🎯 $120,388.80 - $123,620.31

BTC Update | Zone 1 ✅ Back in July we posted two zones of interest. Today, zone 1 got hit. Bitcoin is currently down 40.5% from where we took profit. 🙌

BTC Update | We're Eyeing Bear Market Entries. Thought I’d share an update, as it’s been a while. POWER OF A STRATEGY The exciting thing about following a strategy is that your emotions don’t come into play. It’s as straightforward as 1 + 1 = 2. At the $120,388.80 - $123,620.31 FPLP level, we took profits on our spot bags, leaving only 29% exposed to the market until further confirmation of a trend reversal. LOGIC OF THE RIBBONS When one ribbon breaks, we assume price will visit the next ribbon. When a ribbon is tested three times in a trending market, as visible in the quoted post, we assume price will break and visit the next ribbon, in line with simple Elliott Wave theory. So, since the break of the Mid Market Accumulation Ribbon (MMAR), we were eyeing on the break of the Bull Bear Market Ribbon (BBMR). And since the recent break of the Bull Bear Market Ribbon (BBMR), we’ve been eyeing the Bear Market Accumulation Ribbon (BMAR). APPROACH This is the perfect time to sit on your fiat, enjoy the money you’ve made, and maybe leave the charts alone for a while and work on some other projects. Exactly what I’ve been doing for the past few months. This doesn’t mean we haven’t been trading at all, but we’re not scaling into any longer term spot or leveraged positions. We’re waiting for the right conditions to be met, otherwise you'll get rekt. Correct: Like the impatient. We’re not eyeing bull market targets right now: we’re eyeing bear market entries. Does this mean it will happen in the next few weeks or months, and that it will go straight down to these levels? Maybe, maybe not. But who cares? Correct: Only the impatient. KEY LEVELS TO WATCH These are the zones we’re keeping an eye on, zones I posted back in July. This is where we will be accumulating, and where we have positioned our orders: Zone 1: $68776 - $74,508 (Updated Lower End) Zone 2: $42,580 - $49,000 BMAR Range: $49,200 - $70,000 TOTAL MC (Lower End): 1.58T - 1.69T REMEMBER So called "influencers" will always buy and shill at the top. Bitcoin has already dropped 36% from their “non-financial advice”, currently sitting at -31%. Stay safe people! 🙌

Life's tough? Keep going and remember: In a year, this will be another cool story to tell. 💪

Exactly 4 months ago, we took our first round of profits at the $120,388.80 - $123,620.31 FPLP level. Today, Bitcoin is down 23.5% 🔽 from that zone and arrived back at the Bull Bear Market Ribbon (BBMR). It acted as support twice during this run-up. Third time’s the charm? 🤷‍♂️