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The Green Investor
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Bearish
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Well, if I had any hope on a Bullish BTC, it just died.
Only a miracle can save BTC from losing the 93.6k bottom
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Also, $BTC spiked exactly at Fib's .618 How curious.
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Despite heavily disliking the project, I bought $USUAL in this last dump. It already fell almost to a third of its top. Liking it or not, that's most definitely an entry point.
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Yep, I'm defeated! It's beyond 101k by now, thus the previous Wyckoff distribution is invalidated. There will be no 86k, and I'd encourage buying if it falls a bit again.
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No man stands in the front of a train, convinced the train will stop, unless he has several reasons to believe the train will stop. I have several methodological reasons to believe BTC will make an U-turn and fall. It's not easy to go against the majority and yell that something's wrong, but if my theory and my gut back up the idea of a reversal, I will stand for my reversal, even if I get hit by this train on the face, lol.
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Well then, we're pushing to the Last Point of Support. This scheme will be invalid the moment BTC surpasses 101k. While this doesn't happen; I stand on BTC short, SL 101k. The declining volume also backs up the theory this is a bull trap. BTC.D has to fall below 56%; otherwise, it will tend to increase.
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