(REPOSTED) - I made the same post on 24/07, but now it is hidden by Tradingview.
Observations:
1 - The configuration of the irregular expanded flat has confused many.
2 - The actual peak of Bitcoin occurred in April/2021. The rise in November/2021 was a trap for testing supply. The Bitcoin bearmarket lasted approximately 626 days, just like we saw between 2013/2015.
3 - The supply test not only confirms the absence of strong buyers but also acts as a second round of profit distribution (average price). Institutions perform the supply test to ensure they can reverse the overall trend without significant difficulties.
Thanks!
Observations:
1 - The configuration of the irregular expanded flat has confused many.
2 - The actual peak of Bitcoin occurred in April/2021. The rise in November/2021 was a trap for testing supply. The Bitcoin bearmarket lasted approximately 626 days, just like we saw between 2013/2015.
3 - The supply test not only confirms the absence of strong buyers but also acts as a second round of profit distribution (average price). Institutions perform the supply test to ensure they can reverse the overall trend without significant difficulties.
Thanks!
Trade closed manually