This level of Waddah Attar Explosion (on the sell side) was seen last on 22 November causing BTC to dump from 7.7k to 6.7k in 8 hours. Then began 1 month consolidation before January 10k rally. During this time BTC bounced between these ranges. Keep this in mind before 5k predictions. Lots of people tried to predict 5k levels back then and failed and missed the...
This correlation is between BTC Price and Alt Coin MCap (1/btc.d) High Correlation means Big investors buying BTC buys into Alt Coins WITH BTC rather than retails buying BTC and Hodling for short term or retails buying ALTs with Fiat. Correlation tested .6 as per my previous post 1 month ago multiple times only to fail that level meaning Investors dumped Alts to...
This study demonstrates the possible bounces that BTC can make in the scenario that it fills the CME gap at 11.8k BEFORE the halving (which is very probable at this point) and then makes a ~30% correction eliminating weak hands then makes another fake rally across halving only to make another correction (right after halving), making people think halving is not...
See how the correlation is denied each time from .6 and we are far from that for a real and continuous "fake tether" pump followed by retail over-hype and euphoria (both moving together and break the .6 barrier). This is a work in progress and definitely not a trading advice. DYOR!