this is a textbook distribution phase. almost unequivocally at this point. longs at 93% of the market rn. a massive liquidation event is coming.
nice established bearish div here Would fit a wyckoff distibution phase "failed rally" if so, btc is cooked
Hurts me soul. Monthly with an rsi like that? thats what we are longing? oh..kay
charted it today. thinking about monday
they are breaking down and death-crossing now. 64 128 256
The hard part is the conviction. This bad girl is cooked. under 200 by christmas
if this hits that 75 ima lol this the kinda spooky shit that makes you complacently rely on TA
rather clear bearish div here on the htfs. if this breaks, id long the meltup. put put put put
I gotta hold this short here. hurts. rather be wrong than weak.
Short from 14200 Bearish div on multiple times i think this was a stophunt 12.1 10.9
while this 10.5 resistance could still just a getting chewed up, i highly suspect MMs are front running the stock markets roll over and expecting anothing dry liquidity event on bitcoin. i will laugh so hard if we really end up hitting that 7k after all.
thats begging for a large breakout bullish. shoot.
for a monthly, its just incredible this has been such a personal growth journey in understanding how herd mentality and consensus drives humans to participate in patterns--despite the clarity. hard game this one is. the hard part is keeping anything.