$BTC HTF H&S neckline retest
HTF view on
BTC
with respect to H&S pattern sending us to bear.
Current market condition: over-hyped
1. Blackrock & others buy
BTC
sub 20K (likely ~16K)
2. Blackrock files for ETF and
BTC
bottoms at 25K
3. Blackrock & others finance mass-media bullish campaign and drive
BTC
past 40K
4. Retail jumps on board price goes upwards 45K
5. Blackrock and others first wave selling wave takes place
6. ETF approved, investment funds allocate boomers retirement cash into
BTC
7. Blackrock & others second sale wave takes place
8. Recession confirmed, Blackrock sells the top, retail bankrupt, boomers savings gone
BTC
with respect to H&S pattern sending us to bear. Current market condition: over-hyped
1. Blackrock & others buy
BTC
sub 20K (likely ~16K) 2. Blackrock files for ETF and
BTC
bottoms at 25K 3. Blackrock & others finance mass-media bullish campaign and drive
BTC
past 40K 4. Retail jumps on board price goes upwards 45K
5. Blackrock and others first wave selling wave takes place
6. ETF approved, investment funds allocate boomers retirement cash into
BTC
7. Blackrock & others second sale wave takes place
8. Recession confirmed, Blackrock sells the top, retail bankrupt, boomers savings gone