Unconvential Wyckoff Accumulation BTC to 70k+
Ok, so Phase B may look a little out of whack but would you describe the last year as anything BUT conventional???
You think the old patterns will repeat EXACTLY the same?
The amount of wealth redistributed to the elites was unprecedented and amplified. Money printing further drove up equities and crypto. That's why my Phase B looks like it does, ok?
See my other idea regarding shorts on Bitfinex, a known whale den. Why would we have less open shorts now then in our last major dip of July 2021 if we're really going lower? Are the whales not confident enough? Just look at the chart Charlie.
You think only retail investors were overleveraged? You think banks aren't? Will banks not face bank runs this year? I've seen people flood supermarkets to buy up 2 years supply of toilet paper and crazier things. What if a shift in realization turns to Bitcoin and what it originally set out to be occurs. What if people choose IT to be the safe haven asset, immutable, deflationary and scarce. Reasons like the Cyprus and Greece economic crisis' that led to the creation of Bitcoin in the first place.
Don't listen to me though. I'm just a simple, humble peasant who loves the sweet by-product of fermented barley malt. This is not trading advice.
I bid you all a good night.
You think the old patterns will repeat EXACTLY the same?
The amount of wealth redistributed to the elites was unprecedented and amplified. Money printing further drove up equities and crypto. That's why my Phase B looks like it does, ok?
See my other idea regarding shorts on Bitfinex, a known whale den. Why would we have less open shorts now then in our last major dip of July 2021 if we're really going lower? Are the whales not confident enough? Just look at the chart Charlie.
You think only retail investors were overleveraged? You think banks aren't? Will banks not face bank runs this year? I've seen people flood supermarkets to buy up 2 years supply of toilet paper and crazier things. What if a shift in realization turns to Bitcoin and what it originally set out to be occurs. What if people choose IT to be the safe haven asset, immutable, deflationary and scarce. Reasons like the Cyprus and Greece economic crisis' that led to the creation of Bitcoin in the first place.
Don't listen to me though. I'm just a simple, humble peasant who loves the sweet by-product of fermented barley malt. This is not trading advice.
I bid you all a good night.
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