8K BTC MACRO Correction Potential 5050
Aktualisiert
Every day the BTC chart begins to tell a story that only gets clearer by the day.
When rich men have goods to sell they advertise and when assets have been distributed into primarily the hands of the public the public runs out of money and begins to sell.
Given what I see on these charts I find it no coincidence that the richest institutions are magically bullish on crypto at high time frame resistance looking to load up for ETF’s. They are business men with goods to sell and the best for a reason.
Time and price are currently balanced at only the 50% retrace level of our last bull run. If BTC rotates to the down side it will be balanced again at the outside edge of the red circle which also is a perfect correlation with a trend time cycle and typical oscillations of the Fibonacci number ratios people like to trade so frequently.
For the first time BTC finds it’s self with monthly divergence on both rsi’s and money flow. Also for the first time has a macro double top followed by its first engulfing candle on a yearly chart. Finally has diminishing returns at exactly 15 degrees of time vs price and on its last one before going flat.
Until it's invalidated by braking our current level and holds it what is on this chart will be the main operating principle at which I trade by moving forward from today until we break the high and it is invalidated or we reach out final low.
IF we don’t brake above and retest I will be targeting 8k BTC and covering for a massive rally at 50% of the way down. Entry will be brake of trend.
Institutions are after your stacks and have more than enough money to short everybody and their brother out of the market and are advertising that you should buy..... THEY HAVE GOODS TO SELL
Currently NEUTRAL but heavily favoring this model the more time that passes without braking this level.
Trade Well. Invalidation is brake above and retest current level.
When rich men have goods to sell they advertise and when assets have been distributed into primarily the hands of the public the public runs out of money and begins to sell.
Given what I see on these charts I find it no coincidence that the richest institutions are magically bullish on crypto at high time frame resistance looking to load up for ETF’s. They are business men with goods to sell and the best for a reason.
Time and price are currently balanced at only the 50% retrace level of our last bull run. If BTC rotates to the down side it will be balanced again at the outside edge of the red circle which also is a perfect correlation with a trend time cycle and typical oscillations of the Fibonacci number ratios people like to trade so frequently.
For the first time BTC finds it’s self with monthly divergence on both rsi’s and money flow. Also for the first time has a macro double top followed by its first engulfing candle on a yearly chart. Finally has diminishing returns at exactly 15 degrees of time vs price and on its last one before going flat.
Until it's invalidated by braking our current level and holds it what is on this chart will be the main operating principle at which I trade by moving forward from today until we break the high and it is invalidated or we reach out final low.
IF we don’t brake above and retest I will be targeting 8k BTC and covering for a massive rally at 50% of the way down. Entry will be brake of trend.
Institutions are after your stacks and have more than enough money to short everybody and their brother out of the market and are advertising that you should buy..... THEY HAVE GOODS TO SELL
Currently NEUTRAL but heavily favoring this model the more time that passes without braking this level.
Trade Well. Invalidation is brake above and retest current level.
Anmerkung
Respect the dump as it doesn't care about our thoughts and feelings. Markets have the potential to face some serious corrections still. Although it is entirely possible for prices to rise it is equally likely that what forces the money printer on in is a SERIOUS correction.Anmerkung
Price appears to be holding for which if it does and can push up through 32k will invalidate these down side targets
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