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#SUI unlock in few hours but It's pumping 😂😂
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we meet Legendary pattern again
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Jan 2017 BTC was below 1000$ Grayscale already had 200k BTC.
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for low IQ, I would describe it one more time:
Market sentiment:
Jan 2023: Another Dip 12k before going a real reversal.
Jan 2024: Another Top 50k before going a real reversal
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Picture 2 at Jan 2024
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Saylor and many other whales (Blackrock, Fidelity ...) bought around 41k 45k....
But they are not enough to adsorb what Grayscale (early investors) is selling ...
A final capitualtion will come before starting a new cycle for next Halving event (April)
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Recent price action indicates we are in organic selling season
There are still special alts to ride but most of BTC & big cap alts are done for bulls.
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Grayscale selling pressure reminds us Plus Token pressure few years ago.
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back to those days (May-Sep)
Market slowlly dumped but few were great.
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Halving?
4 months to go.
Even 4 days in crypto is too long 😁
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#BTC in CME price just went over the gap and standing above resistance.
Short idea is invalidated.
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Current level is No-Trade-Zone.
#BTC
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Graysale continues sending out huge bags #BTC today just few minutes ago.
Obviously they are selling
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You draw your own conclusion ☝️
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The window of bulls 44444 heaven has closed
The boundary of bulls/bears 42k1 has been broken
If price kisses these levels I would short it. Otherwise, price will go down straightly imo.
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If you missed March 2020 dip, there should be Feb or March 2024 dip.
Prepare your cash
In these days we are still chasing small waves of special alts but It is recommended to use small size only.
Bulls are almost over.
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Grayscale selling event.
Even many ETFs bought this amount but selling pressure is still high.
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Saylor bought 14k BTC at $42k1
Tether bought 8888 BTC at ~$42k5.
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After ETF there is no catalyst to Btc to go up, there is no fud to btc to go down 😁
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#BIGTIME
Round 2: 24%
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Currently, price is still in the mining industry range.
Electricity level support: 22k
Production cost level resistance: 38k
Breakout 38k, It leads to FOMO & bull market.
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Coinbase whales look really active
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Last reminder:
Move your funds to OKX to stay safe
Register: https://www.okx.com/join/ROSESIGNALS
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