I am getting some early distribution vibes here. As you can see, we spent quite a but of time hovering around the 44-45k level and then we flushed down, creating a huge volume block on the volume profile, which will make it very hard for us to break through
Every move down has been accompanied by volume increase
This situation reminds me of the foreplay before the huge flush from basically ATH happened.
The famous inversed HS...
Remember not to follow the retail herd. They shall get wrecked.
Although we might see a bounce on LTF, we are still kinda overbught on the daily. The original plan still remains.
BTC does not allow you to enter on a pullback if a local bottom is found. If there happens to be a pullback, it is a trap.
Every move down has been accompanied by volume increase
This situation reminds me of the foreplay before the huge flush from basically ATH happened.
The famous inversed HS...
Remember not to follow the retail herd. They shall get wrecked.
Although we might see a bounce on LTF, we are still kinda overbught on the daily. The original plan still remains.
BTC does not allow you to enter on a pullback if a local bottom is found. If there happens to be a pullback, it is a trap.
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