The Market Maker……is the master of deception. When we see retail investors buying, that is a sign that it’s about to go down. The FUD out there is ridiculous. Given the current state of the Wyckoff Market Cycle (accumulation) this phase of Bitcoin is otherwise known as the “mark down” phase. Whales will continue to sell BTC, let the retail investors push the price back up again (specifically at $45K) and DUMP and DUMP, until there is a major change towards the Bearish sentiment. As soon as we start leveraging short positions from retail side, institutional investors look to liquidate. This is the Shakeout or Mark Down phase of the market cycle. We will see Parabolic action to the upside but the problem here is….Everybody and their mother keeps thinking the time is right now. Dude, the economy is on the brink of collapsing. The whole market has been pumped up to maintain the illusion that inflation has been transitory when it has really been a hot Cheeto holding the floodgates closed.
The current argument in analytical terms is whether BTC is in a Correction or Reversal phase….
What do you guys/girls think? Is it Correction still bearish or Reversal to Bullish?
The current argument in analytical terms is whether BTC is in a Correction or Reversal phase….
What do you guys/girls think? Is it Correction still bearish or Reversal to Bullish?