OMG BLACKROCK IBIT FEROCIOUS SELL-OFF Today ???
But how can that be since according to most talking heads it's institution money doing the buying. If RETAIL & Institution(according to talking heads) money is being put into those newly listed ETF's, THEN WHO IS SELLING Such a chunk while supposedly financial institutions are buying???
According to my perspective, FUNDS are pouring RETAIL into Bitcoin while the SMART Institutional money is selling into demand!
Nice triangle suggested the next potential move was going to be forming into a potential top, and that's what price printed.
In my humble opinion.
According to my perspective, FUNDS are pouring RETAIL into Bitcoin while the SMART Institutional money is selling into demand!
Nice triangle suggested the next potential move was going to be forming into a potential top, and that's what price printed.
In my humble opinion.
Trade active
I'll label the low in late January, to the recent peak in early March, as Wave 1 being complete. I'm suggesting that the whole move/Trend that occurred between Late January & Early March will be corrected due to the recent peak completing a whole cycle.In my humble opinion............
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