It's time for an update I think! Not long ago I made a chart about the accumulation phase of Bitcoin . I expected a higher high, and then a drop with a few small upmoves, but a clear downside pattern. Well, we definitely saw up movement. But we didn't made a higher high. So that was something I didn't expect, but which is okay. ( BTC /EUR made a higher high tho, but ok) But after the pump, we went down. As I expected we saw again a small upmove, and then down again, then a small upmove yesterday, and now i think its time to go fully down.
Fully down means to the 33k range. I would expect a lower low, but you never know haha. Lets see!
Hi. it's a tough one. We have barely any supply. Hodlers aren't selling. Record short selling. Does the market maker let shorts realise profit? I'm looking at the price action trying to see if it looks like there is demand starting to come in. So hard to know. I wouldn't commit just yet. looking for more confluence.
FibonacciTheGreat
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Well this one didn't play out at all haha
Tiskos
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@FibonacciTheGreat, Hello. Everything is according to plan. We're in phase D. )))
FibonacciTheGreat
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Hahahaha. And we skipped fase B and C. I mean i dont mind😅