Hej Team!
Until mid February we have been in a Wyckoff accumulation. Now, inside the distribution phase the big guys are waiting for the price to go up a bit more (red arrows),to dump it again step-by-step to the lower 20Ks, in order to pick up cheap BTC to back all their coming ETFs. IMHO 70% chance for this scenario to happen. In the blue scenario essentially the same happens, but from a higher fakeout in the upper 40s but notheless the low 20s are reached again during late fall/early winter 2023. I'm only 30% on this scenario tho - there's just too much uncertainty to go higher as 35ish IMHO.
What do you think?
Until mid February we have been in a Wyckoff accumulation. Now, inside the distribution phase the big guys are waiting for the price to go up a bit more (red arrows),to dump it again step-by-step to the lower 20Ks, in order to pick up cheap BTC to back all their coming ETFs. IMHO 70% chance for this scenario to happen. In the blue scenario essentially the same happens, but from a higher fakeout in the upper 40s but notheless the low 20s are reached again during late fall/early winter 2023. I'm only 30% on this scenario tho - there's just too much uncertainty to go higher as 35ish IMHO.
What do you think?
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