Huge capitulation potential for BTC
I INVERTED the BTC chart and see a typical distribution pattern in the making. The pattern is represented by the 5 waves marked in yellow. This huge downward momentum will only apply if the pattern completes and penetrates to the downside, a biga$$ capitulation to be observed if it does and oh boy it's gonna hurt many gamblers (there's no investors in this field let's be real). I have long positions in ETH and altcoins and I'll sell the majority of my positions whenever the market pumps. I do hope that we'd see another all time high though, that's the fastest way to get rich no doubt but nobody should turn a blind eye on this distribution pattern. Again, I hope I'm wrong about it.
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