A Weekly Buying Climax in Macro Distribution supports a movement of altcoins in 'alt season' (a buying frenzy at the top) - something a lot of people are starting to think won't happen, but probably will after they panic sold once weekly support breaks.
There is a lot of seller liquidity available over the past few months and people are fickle enough to FOMO back in at a higher price after support breaks and they sell the bottom.
This is all on the basis that Bitcoin does not fall below 74k.
I know things look bad, but for everything to crash now just seems way too easy and obvious. So this is my plan!
There is a lot of seller liquidity available over the past few months and people are fickle enough to FOMO back in at a higher price after support breaks and they sell the bottom.
This is all on the basis that Bitcoin does not fall below 74k.
I know things look bad, but for everything to crash now just seems way too easy and obvious. So this is my plan!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.