Yep changed my mind. It looks like Bitcoin is about to lose its shit. It's lights out below 58. Overall the structure looks like a classic pump and distribute type of shit. I'm out of crypto already. I don't care about shorts. So probably this was a short visit from me :D
Anmerkung
Last two weekly candles look really scary atm.
Anmerkung
Ewww

Snapshot
Anmerkung
its so over isn't it
Anmerkung
Look at this. SFP long SFP long.. For some reason this was the exact thing I imagined. Disgusting.

Snapshot
Anmerkung
It's more obvious on ETH. Rolling ball.

Snapshot
Anmerkung
Same can be said about macro actually. That's why I was very skeptic about it. I thought we could have a quick rally. But here we are rolling down.

Snapshot
Anmerkung
Honestly it can go either way at this point and I wouldn't be surprised. I was expecting 60k test but.. I still don't wanna play short although my bias is still down.
Anmerkung
One of the reasons that I don't. This shit is failing.

Snapshot
Anmerkung
And look at this monthly. Isn't that too much for a distribution? It's weird.

Snapshot
Chart PatternsTrend Analysis

Haftungsausschluss