My theory :
like I posted before the Flush my DISTRO theory is based upon following the “footprint” of whales.
I nailed the top because I imagine how a large group of whales running this market would accumulate and distribute their positions.
They team up, they run price above a level where they can trap bulls and stop out early shorts.
They want W M HL’s across ALTS . with the
least amount of work.
yeah . it def feels like they are setting up for another leg up.
if not they had runnit up above ATH , trap a load of amateurs, then distribute slowly into autum?
This is the way they get cheap prices over and over . especially in the ALTS!
Just think of ALL THE STOPS in those 2 D EQ lows! All of us early BULLS building positions and protecting them with stops under those lows.
Then:
they can just manipulate
BTC : and all the ALT ALGOS follow and then all they have to do is have millions of bids in all those ALTS below support. BAAM , now they have the M 2W HL’s in the whole Market.
then they start bidding it up. crowd follows - repeat !we will see how this unfolds.of course this could be a top . the DISTRO in Mai 2021 looked like this see chart below
quite a bit different. but a backside LH with a fakeout double top where they went short and stayed short over the summer. (bearbeitet)
I dont see those longer timeframe Wedge highs in BTC quite yet that would show some larger timeframe Distribution.
like I posted before the Flush my DISTRO theory is based upon following the “footprint” of whales.
I nailed the top because I imagine how a large group of whales running this market would accumulate and distribute their positions.
They team up, they run price above a level where they can trap bulls and stop out early shorts.
They want W M HL’s across ALTS . with the
least amount of work.
yeah . it def feels like they are setting up for another leg up.
if not they had runnit up above ATH , trap a load of amateurs, then distribute slowly into autum?
This is the way they get cheap prices over and over . especially in the ALTS!
Just think of ALL THE STOPS in those 2 D EQ lows! All of us early BULLS building positions and protecting them with stops under those lows.
Then:
they can just manipulate
BTC : and all the ALT ALGOS follow and then all they have to do is have millions of bids in all those ALTS below support. BAAM , now they have the M 2W HL’s in the whole Market.
then they start bidding it up. crowd follows - repeat !we will see how this unfolds.of course this could be a top . the DISTRO in Mai 2021 looked like this see chart below
quite a bit different. but a backside LH with a fakeout double top where they went short and stayed short over the summer. (bearbeitet)
I dont see those longer timeframe Wedge highs in BTC quite yet that would show some larger timeframe Distribution.
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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.