CryptoParadyme

BTC distributing potentially

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CryptoParadyme Aktualisiert   
BITMEX:XBTUSD.P   Bitcoin
We can all agree that Bitcoin has had a mammoth 17 week run from the 10k lows. It's time to look for the exits until our next bottom. Long term still giga bullish on Bitcoin .

This is clearly starting to look like distribution.

So as of now my idea is

These lows to CME gap fill at ~38k lower high, nuke to the yearly open and a few more test pumps where people will likely be filling shorts.

Time to hedge on the coming pumps.
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We can distribute, mark down, and still pump at the end of 2021.
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Also we don't know if this is distribution yet PA needs to develop.
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It's not looking good.

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target hit. I am long.

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Looks like I was a few months early. What we're seeing now appears to be distribution.

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