Phi-Deltalytics

Bitcoin: Be Careful Now!

Short
HUOBI:BTCUSDT   Bitcoin / Tether USD
Even though we do believe BTC has already bottomed out and the 3k marked the starting point of the current BTC bull cycle, we do want to point out the overly long sentiment in the market right now and the increasing risk of a long squeeze. With the Plus Token scam still having an estimated 50k – 70k BTC needing to distribute to the market, we are still facing several bumps in the BTC up run. Furthermore, most Chinese’s at least one-week-long Lunar New Year vacation starts next week. Lots of activities take place during this holiday and lots of them are costly (eg. giving out Hong Bao, cash wrapped in red envelopes to family members ). It makes sense to cash out from the market.

For longer term views, see the linked ideas below.
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Good luck & let's make $$$ together.
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Comments

It is currently at the fib .618 level which rejects every time if you look at this chart.
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Phi-Deltalytics Pro_Trader_HTBB
@Pro_Trader_HTBB, True. Nice work!
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What a great chart!
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good idea
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good idea
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This one aged well. Good job!
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Phi-Deltalytics Sisif_trader
@Sisif_trader, Thanks!
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I like the "how do the whales think" approach. I also blive in this approach coupled with TA is strong. If you dont account for what your worst enemy will do...then you are in the blind man lol. If you want to beat the whales you should try to learn to think like one to some degree. So you can become one some day! ( good logic! )

I also was wondering why people suddenly forgot the OnePlus dumping lol! A little btc & alt coin pump and the idiots forget the reality in a fucking week or two!

Thanks for sharing.
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Thanks for this chart
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