I'm sick of seeing 30k retest theory everywhere. Endless cycle theories and everything...
You know what we don't have? A huge mass of people who wants to buy now. People who wanna hold their long no matter what.
So to bring some balance I say:
Buy now, sell around 58k-62k.
You know what we don't have? A huge mass of people who wants to buy now. People who wanna hold their long no matter what.
So to bring some balance I say:
Buy now, sell around 58k-62k.
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To call this Wyckoff distribution you should be completely ignorant. I'm sorry. Because I see that a lot too.
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Omg see how bearish we are. The ultimate distribution bro :P
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We'll need to slow down. Retrace. Don't freak out. They'll short more.
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Look at this little thing. Where would it take us down? Volatility for ants? Macro trend reversal are not easy like this.
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Distributions and accumulations are made from volatility. Macro volatility. This is for ants.
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Like these. This is just strong bull trend. Accept it, your life will be easier.
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Who would like it if BTC just trades in this fashion? I'd say not many. Let's hope not. Just a thought experiment.
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Maybe alts would like it? Let's hope so?
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Does it look like crazy or realistic?
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Did you short 1h deviation or what? Corn got angry.
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Every 2% level is a major resistance if you ask bears. This PA is a great way to make people short all the way up while you accumulate more.
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That's why we like to see creeks in reaccumulation ranges. It'd be nice to see a bigger one in the coming days.
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Some longs are closing here. That's understandable. Shorts are still confident. That's not exactly understandable.
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Round 2?
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Who feels like it's about to crash? I feel like the fear is still there alive, like the day I published this idea.
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If we fucked with triangle players enough, lets pump it up lmao.
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A couple of more liquidations and come back to the consolidation area? Yeah that little triangle might be a hint where to come back if it's gonna do what I've been talking about.
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Would be nice to see alts move in the slow retracement phase. If this trend to 58k+ will happen, I'm not expecting Bitcoin dominance. Watch ETHBTC for that reason which is trying to build an uptrend.
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I mean it's a mess atm but we'll see.
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If we are gonna only talk BTC weekly, it looks like this and you are shorting it. I mean, I have nothing to say to you.
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I was told this was a head&shoulders pattern. How unfortunate nothing works in this market :P