I have no idea what im talking about other than i notice open interest on certain futures contract shrink sharply on the two first dips. The idea is that the quick dips create panic and thus liquidty for a whale to exit his short position in. And the slow dip makes people uneasy and builds up shorts, and allows for to accumulate long position for whales. So its a process that takes several days, but lets see if it plays out and blasts off next.
Comment:
A litle late but blast off confirmed. The high so far is $23,300. Im going to be bold and predict that will be the top. So can i do it again? Predict bottom? Predict top? Time will tell. Have a nice day.