I’ve conducted thorough research, and here’s what I’ve uncovered: a bearish fake-out is in play, echoing patterns from 1/1/21 and 5/10/21. Dark pool activity has established a pattern that connects directly to our 2024 bull market. Here’s their strategy:
They’ve crafted the illusion of a double top tied to the phase 3 ATH, aiming to lure retail investors into exiting. Did this tactic work? Absolutely-it unfolded within a bull flag on the 43-day volume timeframe. This deception led many to sell, causing turmoil in the bull flag structure, which we’ve now exited.
Now, let’s examine 2021 versus 2024: in 2021, the RSI was at 86.07 with a bearish downward curve, the stochastic at 89.16 also curving downward, and my algorithm signaled a sell on 3/28/21, just one candle before the dark pool signal appeared.
In 2024, however, the RSI reads 47.19 with an upward curve (vs. 86.07 in 2021 trending down), the stochastic is at 90.71 pointing upward (vs. 89.16 in 2021 curving down), and my algorithm showed a sell signal on 6/21/24. Unlike 2021, there’s no sell signal currently.
I hope this restores confidence in BITCOIN’s trajectory.