Bitcoin / TetherUSSingkat
3-8k BEAR RALLY with 4YRS Distribution - No One is READY
WE are in a 4 year cycle of wyckoff distribution phase.
The phase started around 3-6k in 2020.
BC (buying climax) top was around 2021.
This top now 2024 is the peak of UTAD.
If this UTAD is to play out on the weekly chart. It will be bloods on the streets all the way back to around 6k.
Can confirmed this when I flipped my weekly chart.
Indicators:
MACD: Will be slowly move up and momentum to go and stay above the zero. Watch as lots more MACD bars build up momentum to confirm.
RSI: Will continue to go into the oversold 20 mark. RSI will slowly retrace but price will keep going down.
MEDIA:
BTC is now in the mainstream, lots of retails are now buying.
What it means is that retailers will keep buying the dips and even go heavy on leverage. Thus, it will create more long squeeze at each dips. The more dips retailers buy with leverage the more it will continue to go DOWN.
BE CAUTIOUS buying dips and should only be short-term and take profit at resistances.
The phase started around 3-6k in 2020.
BC (buying climax) top was around 2021.
This top now 2024 is the peak of UTAD.
If this UTAD is to play out on the weekly chart. It will be bloods on the streets all the way back to around 6k.
Can confirmed this when I flipped my weekly chart.
Indicators:
MACD: Will be slowly move up and momentum to go and stay above the zero. Watch as lots more MACD bars build up momentum to confirm.
RSI: Will continue to go into the oversold 20 mark. RSI will slowly retrace but price will keep going down.
MEDIA:
BTC is now in the mainstream, lots of retails are now buying.
What it means is that retailers will keep buying the dips and even go heavy on leverage. Thus, it will create more long squeeze at each dips. The more dips retailers buy with leverage the more it will continue to go DOWN.
BE CAUTIOUS buying dips and should only be short-term and take profit at resistances.
Penafian
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