The analysis is based on the most optimistic scenario among various possible outcomes.
Note
This is a scenario where the 1-2, 1-2 wave pattern unfolds. While the exact timing is uncertain, if the recent high of 66.5k is surpassed, the price should not drop below this level in the following months.Note
Whales in short positions attack by short-selling when bad news hits Bitcoin, when the candle's strength weakens, when resistance levels are reached, or when they confirm an RSI divergence, cutting off the upward wave and driving the price down, thereby triggering panic selling. Ironically, they repeatedly accumulate spot Bitcoin with the profits they make through this, and they've been continuing this simple process for the past seven months.Note
When market participants start to feel panic and fear as the chart patterns and candlesticks become strange, and the dumping seems endless, the whales profit from their short positions and drive the price up again. Ultimately, they are just stealing your money continuously.
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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.