Diminishing returns of Don Kwons $Billion Bitcoin buys

31 Mac 2022

Don Kwons Bitcoin buys having less and less effect on price, suggesting its mostly retail pushing price from FOMO. The volume is low suggesting Whales are not buying as crypto twitter likes to claim.

-Failing to break above the daily 200 MA
-Weakness at 48K
-Classic Wyckoff distribution top formation playing out on 1 hr chart similar to 2021 Q1

31 Mac 2022

Dagangan aktif

"The bull walks up the stairs and thee bear jumps out the window” means that a market drops ("bear") faster than it rises ("bull"). The saying has been cited in print since at least 2000.

A similar saying is: “Up a staircase, down an elevator.”

31 Mac 2022

Dagangan aktif

All going to plan. Lets see how the monthly candle closes tonight, so I can update my thoughts.

1 Apr 2022

Nota

Forming a bear flag now. Nothing has changed. Still have my SHORT open.