On the higher timeframe, it's clear that whale BTC purchases are being cancelled out by whale BTC sales. This is hidden distribution. Invisible to the naked eye.
Cunningly hidden from retail on lower timeframes.
As soon as the yellow MFI line hits the bottom green line on the 1-day MFI chart, there's going to be a crash similar to May 19th. The bounce will be good though.
What to do until then?
There can be a bounce on the lower timeframe (intraday), but destiny is closing in.
The relief rally?
It will start once the yellow line hits the bottom green line on the 1-week chart.
Thought of the day:
Willy Woo is a scam artist who invented the NVT ratio to milk money from people working desk jobs at hedge funds and organizations. It's something the desk-jockeys can add to their invoices/reports to demonstrate to clients that they're on top of this. Whatever this is. According to Woo, this is a bull market still.
Cunningly hidden from retail on lower timeframes.
As soon as the yellow MFI line hits the bottom green line on the 1-day MFI chart, there's going to be a crash similar to May 19th. The bounce will be good though.
What to do until then?
There can be a bounce on the lower timeframe (intraday), but destiny is closing in.
The relief rally?
It will start once the yellow line hits the bottom green line on the 1-week chart.
Thought of the day:
Willy Woo is a scam artist who invented the NVT ratio to milk money from people working desk jobs at hedge funds and organizations. It's something the desk-jockeys can add to their invoices/reports to demonstrate to clients that they're on top of this. Whatever this is. According to Woo, this is a bull market still.
