Fabreezio

ICARUS PATTERN - WINGS GONE

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Icarus flew too close to the sun and lost his wings out of selfishness and curiosity. The price action for Bitcoin was insane today, although I didn’t expect it to last. We approached the top of the triangle pattern and rejected $42K as expected…..For Now I remain bearish as the market is due for a massive correction. Stock markets look synthetically pumped up there’s no reason in the world we have such a booming market besides screwing over other countries with sanctions and then inflation which nobody seems to care about until next week when we see a TON of profit taking and dumping. Purely speculative. This growth cannot be sustained, the market makers are literally just waiting for retail dumb investors to buy into Bitcoin and then they will send it back to $20K maybe even $12K some models are predicting the retrace to macro support line. We need a lower low to get above and beyond. Once again, we do not have the common goal aligned to get BTC to $100K because the rich are going to keep us in the market cycle. Currently shorting Bitcoin to $20.5K from here. Good Luck.
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