We can all agree that Bitcoin has had a mammoth 17 week run from the 10k lows. It's time to look for the exits until our next bottom. Long term still giga bullish on Bitcoin .
This is clearly starting to look like distribution.
So as of now my idea is
These lows to CME gap fill at ~38k lower high, nuke to the yearly open and a few more test pumps where people will likely be filling shorts.
Time to hedge on the coming pumps.
This is clearly starting to look like distribution.
So as of now my idea is
These lows to CME gap fill at ~38k lower high, nuke to the yearly open and a few more test pumps where people will likely be filling shorts.
Time to hedge on the coming pumps.
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We can distribute, mark down, and still pump at the end of 2021.
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Also we don't know if this is distribution yet PA needs to develop.
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It's not looking good.
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target hit. I am long.
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Looks like I was a few months early. What we're seeing now appears to be distribution.