We are entering distribution area where a lot of previous top buyers may want to exit
Not expecting a pump straight through ATH since its a heavy selling area (thick horizontal line at 57)
Instead, could be nice to have a channel going up slowly chewing away at that area before a final pump
Right now might go straight for channel top pre market open or paint IHS...
So everybody here knows Wyckoff now
Bears are calling for sub SC price around 25-30k
Two things need to be considered, however
1) Institutional accumulation average price - if you count near-perfect trades on the accumulation swings you can expect that institutions have already accumulated at ~60% discount at well below 20k levels already
2) They know you know -...
I'm running on high hopium reserves so please tread carefully
The last Elliot correction wave was significantly larger than expected
Amplitude is running high on leverage shows this is traders territory and so we can expect a high amplitude Impulse as well
We can start cautiously climbing before a run for the short stops potentially all the way through 40k this...
Giga crash happened
4chan is predicting another Giga Dump by the Chinese, but will it happen?
Looking at who benefited from Giga crash we can see it was mostly New York (yellow and white) that bought it up
The Chinese (red) were late to the party but tried to repeat it anyway - although less successfully since bulls have been prepared
Q1 is over and most companies have released their earnings report
Surprise: nobody is holding bitcoin besides the companies we already know (too bad Zuck could have been a cool crypto nerd like us...)
Earnings reports are also a reality check and lowers speculation volatility
In addition to that - we're recovering from a recent pull-back on very low dominance -...
We may have just had a lower low than previous retracement
or did we...
Last retracement was a bit wonky as bulls ended it prematurely and took the momentum from bears
if we measure the secondary top/retracement and add to the bottom of the previous wave - we can see ~46k being the last wave extended bottom
So maybe we can keep this retracement on trend if we...
A lot of things have happened in the past few days in relation to btc dominance that is reflected in breaking the bull trend we've established this cycle
you have the XRP ressurgence that led the altcoin mania which culminated with DOGE rally and continues as people move to find the next moon
BTC has been quietly allowing this to happen but for how long?
It can go...
IOTA has always been undervalued and everyone knows it but it was just not time to speculate on ALTS heavily.
Still IOTA just dances with breakthrough over BTC the whole time this year waiting for the right time...
Some people say it's finally ALT season
ETH being this strong compared to BTC was last ALT season
If we break out here - then I will officially announce ALT season as BTC takes the back-seat in the market the way it did 3yrs ago
There comes a point in time when the hopium ends and the people whom we loved and loved us back become our bitter enemies overnight...
The bulls will remember they're in here for money too and rush for the gates with their stash.
The big question is when it will happen...
I think 23rd of April... why? because it's my birthday i don't know why...
How much will...
XLM is trying/near to breakout
BTC is up 15% since Tesla announcement
ALT coins rushing to FOMO on BTC
BTC will flow back to coins like this when BTC FOMO is over
XLM and ETH and AAVE are my bets to benefit from FOMO redistribution