🚨 GOLD IS FLASHING A MAJOR WARNING.
Gold just posted 3 consecutive red monthly candles for the first time since June 2022.
The last time this happened, gold crashed for 6 straight months.
Gameplan:
-Nächste Woche (18.-24.) BTC runter bis 70-73k (raus aus der Bearflag)
-25.-31. Mai Retest der Bearflag und deutlich tiefer Richtung 65k
-01.-07. Juni neues Tief bis etwa 53k
-08.-14. Juni Kapitulation des Marktes auf 45k
So meine Einschätzung (oder so ähnlich)
Bitcoin is falling into the weekly close as futures gaps down on the open.
The Clarity Act happened last week; price went up for a single day and made a lower high. That is the text book definition of a bear market -- when good news is weak and no news/bad news is weaker. 🔖
I'm about to leave X because none of my posts are seen anymore by my followers
I know none of my followers will see this anyways because of @nikitabier's algo, so this is hollow goodbye
Before oil spiked and the Fed turned hawkish, Bitcoin already had a problem. Bitcoin has a sell wall that has been built that as of today, can't be broken through.
It was built intentionally to surpress the price.
Here's how it was done -
* Structured sell orders stacked between $80,400 and $82,000 had been sitting untouched for over 24 hours, absorbing every push higher.
*Analysts say the zone is deliberate, not reactive.
*Clearing it requires spot buying, ETF inflows, and macro support all at once
Synthetic bitcoin products (traded in the billions daily) can't break through the wall. The price is trapped.