Considering the chart above, I have a question due to the price prediction of MI_Algos. Grayscale will release a new tranche on April 21, wouldn't this have a positive influence on the price of bitcoin? Or because of its negative premium, it has a negative outcome?
Thank you again for sharing this helpful and insightful research.
In the event that the fractal does play out, doesn’t that also mean that the gamma squeeze to the downside will also play out (I recall 54k being a critical price level)?
At that point, doesn’t this structure just resemble a wyckoff distribution schematic and we can therefore see even further downside?
Wow! this is very scary projection, Hope it wouldn't come indeed.
But yes, it seems wise to prepare at lease.
Thank you always for awakening.
Dear Ben,
Considering the chart above, I have a question due to the price prediction of MI_Algos. Grayscale will release a new tranche on April 21, wouldn't this have a positive influence on the price of bitcoin? Or because of its negative premium, it has a negative outcome?
Thank you again for sharing this helpful and insightful research.
In the event that the fractal does play out, doesn’t that also mean that the gamma squeeze to the downside will also play out (I recall 54k being a critical price level)?
At that point, doesn’t this structure just resemble a wyckoff distribution schematic and we can therefore see even further downside?
Or am I being far too bearish lol