At the time, I was convinced we had a distribution phase. And I hoped we'd form a reaccumulation range around 30K. I think that is where we would have ended up if all had been ok. What I didn't expect was all the issues that had been created by 3AC, LUNA, FTX, Alameda, etc.
Time to update my pinned post. I would like $BTC to enter a re-accumulation phase. That would also create a logical 4th wave in the bigger cycle. Everything seems to fit, but charting is interpretation.
@BluntedBeats This is mine.... ;-)
'Technically', we should be at what is the one of the 3 biggest 'buy opportunities' in crypto in 3 years. Which also means, at the bottom of the 3rd big crash in 3 years. TA says 'numbers will go up', but by whom and traded where? It is not a pretty picture. Unless TA wins.
@BluntedBeats And this one...
@qecez But focus on M and Q stoch more than on price levels.
@toadzuko @BluntedBeats Small tip: less indicators is often better.
@BluntedBeats @toadzuko Also, realise that you may need a different set of indicators (aka crutches) for walking up the stairs than for walking down. Most people think they work the same both ways. They often don't.
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