SHORT Inverse Cup & Handle - $48k
Eth and BTC both in an inverse cup and handle, forming double tops on their handle as we speak.
Looking back to childrens story’s such as Goldilocks, we know that this porridge is a little warm, and perhaps a cooling short position might prove wise for those interested in avoiding their house being blown down by the big bad wolf of wall st.
Institutional investment is at all time high, whilst retail is an unaffordable privilege for most.
Top of the bull run was calculated for mid 2025, but alike the 2019/20 halving which also featured ETF mania, we may be in for a more fast paced bull run this time around.
The last bull run had phase 1 and 2 of the run combined, historically- we know that phase two of a bull run hits the .6 fib, and retests market structure of phase 1, for a long and healthy bull.
2019 didn’t do this and had both phases in one, and the run was short lived. We have had etf hype but were fortunate to have both phases 1 and 2, however we have surpassed the .6 fib of 51k, which we should have stayed below and retested market structure of phase 1 around 31k+.
It’s not looking healthy, it’s likely a ATH could be reached 2024, and perhaps even before halving.
Little red riding hood has teamed up with the big bad wolf of wall st and we are currently seeing a breakage of the fourth wall of institutional investment theatre being acted out before our very eyes.
Only all the kings horses and the kings men can put Humpty Dumpty back together again.
Looking back to childrens story’s such as Goldilocks, we know that this porridge is a little warm, and perhaps a cooling short position might prove wise for those interested in avoiding their house being blown down by the big bad wolf of wall st.
Institutional investment is at all time high, whilst retail is an unaffordable privilege for most.
Top of the bull run was calculated for mid 2025, but alike the 2019/20 halving which also featured ETF mania, we may be in for a more fast paced bull run this time around.
The last bull run had phase 1 and 2 of the run combined, historically- we know that phase two of a bull run hits the .6 fib, and retests market structure of phase 1, for a long and healthy bull.
2019 didn’t do this and had both phases in one, and the run was short lived. We have had etf hype but were fortunate to have both phases 1 and 2, however we have surpassed the .6 fib of 51k, which we should have stayed below and retested market structure of phase 1 around 31k+.
It’s not looking healthy, it’s likely a ATH could be reached 2024, and perhaps even before halving.
Little red riding hood has teamed up with the big bad wolf of wall st and we are currently seeing a breakage of the fourth wall of institutional investment theatre being acted out before our very eyes.
Only all the kings horses and the kings men can put Humpty Dumpty back together again.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.