follow the trading view app guy on twitter and Ed Bugos from the Dollar Vigilante. Stealing their idea
Comment:
shorters will believe they are gonna take btc to 3k and then get liquidated upon the break of 4k
Comment:
basically on balance volume is lowest since sept/aug 2017 and market makers need to tap into lower prices to increase volume in the market.
Comment:
2014 to 2015 market cycle the bottom was the 88.6 fib thus using the 88.6 percent fib
Comment:
there is no set price. they can take it to 1500, 1200, 1000, 2495, 2800, 3k, 3500. wherever they determine the bottom to be. and yes whales control most of the supply.