BTC - Volumes falling off again, precedes the MM DUMP, after...Further extremes to 50K.
As HODLers have begun to SOH, confused as to what to expect moving forward.
Understandably so, as it has been "trending" while losing participation.
There is little opposing momentum just yet - However, it is developing.
Breaking 30K spring the trap, breaking 48K will provide indications of the
Counter-Trend setting up for Completion.
Chasers, to their credit... are saying, yeah/naw thanks.
Traders in Crypto are becoming far more rationale and cautious, an interesting
change in psychology.
What this portends... the Funds are the Egg Men as Supply continues to contract...
100K will trade at some point, We are patiently waiting for Fills between 9200-9800
and should this level fail and break prior congestions @ 6K, then 3K opens up... we find
this a low probability.
Bitcoin traders have managed to UP their Skills over the past two years, they have become
an obedient, highly technical group of traders.
Which suggests, there is a larger surprise ahead, pattern trading is often broken on WRR cycles.
