HTF view on
BTC
with respect to H&S pattern sending us to bear.
Current market condition: over-hyped
1. Blackrock & others buy BTC sub 20K (likely ~16K)
2. Blackrock files for ETF and BTC bottoms at 25K
3. Blackrock & others finance mass-media bullish campaign and drive BTC past 40K
4. Retail jumps on board price goes upwards 45K
5. Blackrock and others first wave selling wave takes place
6. ETF approved, investment funds allocate boomers retirement cash into BTC
7. Blackrock & others second sale wave takes place
8. Recession confirmed, Blackrock sells the top, retail bankrupt, boomers savings gone
Current market condition: over-hyped
1. Blackrock & others buy BTC sub 20K (likely ~16K)
2. Blackrock files for ETF and BTC bottoms at 25K
3. Blackrock & others finance mass-media bullish campaign and drive BTC past 40K
4. Retail jumps on board price goes upwards 45K
5. Blackrock and others first wave selling wave takes place
6. ETF approved, investment funds allocate boomers retirement cash into BTC
7. Blackrock & others second sale wave takes place
8. Recession confirmed, Blackrock sells the top, retail bankrupt, boomers savings gone