My thoughts are that this could be a UTAD. The purpose of a UTAD in Wyckoff is to gain massive public following for one final big distribution (dump). Experimenting with some Curves and trendlines from past ATHs too to support potential price targets.
Right now we still have about 5-10 billion in shorts in the market. The open interest is very high at about 25 billion. What I believe is certain is the crash that will result from this, what I am not certain is the price we crash from and the timeframe.
Right now we still have about 5-10 billion in shorts in the market. The open interest is very high at about 25 billion. What I believe is certain is the crash that will result from this, what I am not certain is the price we crash from and the timeframe.