Yep exactly halfway already
Okay here something to share, quite awhile havent shared anything here
First as I always say institutions are training bitcoin to be one of their toys think forex, gold etc
So you have to know how they play the game, because the price IS predictable
When I say predictable means you can identify levels just from the price alone, no need any indicators no need onchains
Its all bluff
A very simple example
You buy at wholesale price and sell at retail price. And when you start buying you don't all in at a single price.
You buy sell buy sell buy sell creating a triangle or range so this range is a value area
Which pre-identified before the game is started
So where is their average buying price for institutions, below 20k
So you see they have bought shit tons at low price, so they happy to sell to you 50-60k and can push much lower
Now they need to resupply stocks, where? Anything below 37k is where they start buying back
In the grand scheme of thing, this downmove is just the first leg of correction, we gonna get a bounce, then the real correction, and only after that you get the 100k+ move. This is the roadmap for bitcoin for next 2-3 years max 5, no 200k no 1m per coin. Just this. Then comes the bear market, and yada yada.
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Now what do I do with this info?
The tide is turning.
You buy spot and wait.
You want long? Wait for it reverse and retest.
Where to sell? I can only know once bottom is in
If you buy above 60k? You take the loss at the bounce and buy lower.
Dont short, you playing with fire, the tide can turn anytime. Yes you might get lucky if it go lower, but you playing with fire