Bitcoin is Going Down, soon
Why would you risk your $ at this level?
If you enter btc, there's no logic behind it, just emotions. Don't forget to check SPX/Nasdaq : expecting soon a strong down-move on those aswell.
- On the other hand, you might play the borders of the wedge on Alts for 20-30% bounces : Fast Entry - Fast Exit.
- Once this breaks below the wedge, we'll see a retest of the border, then going to 74-75k.
=> I expect top of the cycle 111-112k if we see one more move upwards, but don't risk on it.
This is a classic Wyckoff Distribution scheme where shrimps are sucked with chaotic candles to don't understand what's happening, while whales unload their bags.
Plan : At 75-76k on btc, I'll enter some strong Alts for a good bounce of 30-50%, then exit and stay out of the market till next good dump.
If you enter btc, there's no logic behind it, just emotions. Don't forget to check SPX/Nasdaq : expecting soon a strong down-move on those aswell.
- On the other hand, you might play the borders of the wedge on Alts for 20-30% bounces : Fast Entry - Fast Exit.
- Once this breaks below the wedge, we'll see a retest of the border, then going to 74-75k.
=> I expect top of the cycle 111-112k if we see one more move upwards, but don't risk on it.
This is a classic Wyckoff Distribution scheme where shrimps are sucked with chaotic candles to don't understand what's happening, while whales unload their bags.
Plan : At 75-76k on btc, I'll enter some strong Alts for a good bounce of 30-50%, then exit and stay out of the market till next good dump.
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