Bitcoin market analysis

What about the total Get liquidated in the past two days? Let's do the math Hey, it's close to about $500 million Then there was another huge long get liquidated Will there be a counter-trend market in the future? I'm starting to be a little conservative after this wave Why do I see it that way? Because Every time there is a huge long Get liquidated Prices are all rebounding quickly But what about this wave of market that has been going down year after year There is no time for a fundamental rebound It's just going to be short now A market state that absolutely crushes the bulls What about Bitcoin ETFs They are very active Beyond platinum It became the largest ETF behind gold But the price of Bitcoin fell further So why exactly The reason is GBTC Let's take a look at this fund I really don't know if he's intentional or not His fund management fee is about 1.5% per annum This represents You hold Bitcoin Put it in this grayscale GBTC Basically, you have a net loss of 1.5% every year without going up That's compared to other Bitcoin ETFs This is charged It is more expensive than other charges Some of them have more than doubled That's it Bitcoin held by the Grayscale Fund It is sold in large quantities to the empty cup of this one exchange Every day, more than a billion go to smash the plate I also saw a message this morning

They began liquidation around the end of September Liquidation so far Billions of dollars are being pounded for you to pick up Maybe 48,400,900 will be them That comes back to the technology Let's take a closer look Hey, except for the new Smell the other than the face Grayscale smashing Panic selling So how do we see the tricks? Deal with the current situation Let's repeat the cardinal theory to you again Pull down 0.618 from the top It's as simple as that 48,500 overhead is that simple 2B plus 0.618 What news What a theory What a number of waves No, you don't What is needed is a single point of naked K Back to the Wickoff chip theory Today, I will give you a more detailed roll call How should Bitcoin be viewed today? If we use Wyckoff's way of looking at the market At the moment, Bitcoin is going through a weak signal phase Low this one position I'm sure in the coming days It's best for him to go back and forth in this position It's over the consolidation Actually, I'm watching him go down further If you follow the theory of candlesticks Look for a potential target for a downside I'll go for a top with a box The same box goes to a bottom Remember the way this cabinet is Successfully helped us catch about $49,000 It is the highest point of Bitcoin Now is the time to go down If there is Fluctuation in this one position It's a shock It's time to test this last support Move down on the potential goals to be achieved That's about $35,000 This supports the Market Maker Zone Okay if it's true The market is like Wyckoff's centennial theory It's time to go down We can see that This support zone has been tested It's going to go down for a moment Put some of these bullish stages below Some of the structures that come up are broken all at once OK one-time break Go to this support point That's the point of support Let's see, then If that's really the case, it's time That Bitcoin's The script will not be like this Further up OK And then there's another stage, and the final distribution OK stage 1 will be distributed at the end Then we can see this as a potential target It's about $25,000 This is according to Wyckoff's chip distribution theory A logical deduction I'm not an expert But there is already a seventy or eighty percent probability of being a guest The one who made up the wording The market may need to be reminded of it OK that candlestick is not predictable But a plan can be made to deal with it That's the minute When will there be a chance to break the game? Or maybe what if I really want to wait for him to pull back I want to reduce my position Which points are worth considering? I think you can open a small time frame Take a look at this one band These candlesticks that fell down in an instant See if there are some resonance zones around 0.618