$BTC HTF H&S neckline retest Short
Bitcoin / TetherUS PERPETUAL CONTRACTBinance
Description
⋅ HTF view on CRYPTOCAP:BTC with respect to H&S pattern sending us to bear.
Current market condition: over-hyped
1. Blackrock & others buy CRYPTOCAP:BTC sub 20K (likely ~16K)
2. Blackrock files for ETF and CRYPTOCAP:BTC bottoms at 25K
3. Blackrock & others finance mass-media bullish campaign and drive CRYPTOCAP: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 CRYPTOCAP:BTC
7. Blackrock & others second sale wave takes place
8. Recession confirmed, Blackrock sells the top, retail bankrupt, boomers savings gone