The Market Maker REKT Model ๐งต
This entire run-up in January is very tricky to play
Most #ALTs, including #Bitcoin, look like this or very similar
After a year of down only, people have PTSD to just blindly buy here, reasonably so, so they wait for the "proper" pullback
1/5
This entire run-up in January is very tricky to play
Most #ALTs, including #Bitcoin, look like this or very similar
After a year of down only, people have PTSD to just blindly buy here, reasonably so, so they wait for the "proper" pullback
1/5
The market however is not giving any clean retests and this creates frustration and "built-up energy" in the market
Until it finally does retest. Most are happy and finally get in. If lucky, the market creates another swing higher.
2/
Until it finally does retest. Most are happy and finally get in. If lucky, the market creates another swing higher.
2/
That's when most sidelinooors & bears can't take it anymore and FOMO
IMO we are currently around wave 4, to fulfill wave 5
They were all dragged to slaughter as the market finally does that HTF pullback they were all waiting for initially
3/
IMO we are currently around wave 4, to fulfill wave 5
They were all dragged to slaughter as the market finally does that HTF pullback they were all waiting for initially
3/
REKT
4/
4/
BTW we have seen something similar just two years ago in, surprisingly, January 2020
Not saying this leg needs to go as low, nor do I think it will.
Just saying be careful FOMOing here and keep this schematic in mind โ๏ธ
5/
Not saying this leg needs to go as low, nor do I think it will.
Just saying be careful FOMOing here and keep this schematic in mind โ๏ธ
5/
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