Bitcoin Wyckoff Distribution Pattern
Updated
I did this first chart for fun after studying wyckoff
I thought it was disproven around the end of sept, but the US indexes started falling and bitcoin reverted back.
Think, what would make Bitcoin drop in the next 3 months?
Conflict Between China / Taiwan.
Uncontrollable Rise of Energy Costs / Energy Crisis.
Gov. Regulations on Crypto / Crackdown.
Mass Disruptions in Hash Rates, i.e. wide spread blackouts @ mining hubs.
Liquidity Problems (*cough* tether *cough*)
Large Scale Hack \ Crypto Ransom
Latency Arbitrage
Probably a few others I'm missing, but the point is there are plenty of vulnerabilities in crypto still.
I think there will be a final pop in crypto this coming week before it drops.
I thought it was disproven around the end of sept, but the US indexes started falling and bitcoin reverted back.
Think, what would make Bitcoin drop in the next 3 months?
Conflict Between China / Taiwan.
Uncontrollable Rise of Energy Costs / Energy Crisis.
Gov. Regulations on Crypto / Crackdown.
Mass Disruptions in Hash Rates, i.e. wide spread blackouts @ mining hubs.
Liquidity Problems (*cough* tether *cough*)
Large Scale Hack \ Crypto Ransom
Latency Arbitrage
Probably a few others I'm missing, but the point is there are plenty of vulnerabilities in crypto still.
I think there will be a final pop in crypto this coming week before it drops.
Comment
the final pop before the drop? what if crypto, bonds, equities, commodities, real estate, US$ are all to expensive. what to buy next?
long vol?
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