People are expecting the Accumulation like May-August 2021. But this time we see the different between Wykoff Accumulation and Wykoff Redistribution.
- UTAD: this time Bitcoin has made an UTAD outside of trading range
- We are currently at Last Point of Supply (LPSY).
- Not much of new stablecoins being minted.
- Macroeconomic looks horrible: hike rates, stock market plummeted, the housing bubble started to burst.
We will see at least 26k Bitcoin. Stack up some stablecoins for buying the capitulation.
NFA.
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