But the fact it's become institutionalised, means it's so much easier to follow it's bias.
Back at the end of 2021; this chart was popular amongst Crypto fans.
The only issue is, it had ZERO logic backing it up. When a trend is established, it needs to re-generate to grow again. A second wind as such. Look how ridiculous this looks on a regular chart not log scale.
You see, at the end of a major rally - you would expect the price to be above moving averages. This is logical, price moves up and up and up. Guess where the moving average follows? It's an average that moves , hint in it's title. ;-)
Instead of giving a bias with extension levels - tapping liquidity for it's breather.
Here's a link to the post.
This is the outcome.
Inside these moves, is clearly defined logic.
They become obvious later on, but prior to the event. Just as easy to spot to be honest. You just need a little time to learn the process.
The next obvious move has just tipped it's hat. Patience is key.
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We were wrong the bitcoin is not in accumulation it is in BIG BIG distribution Look zil/ussdt it is something similar. What you showing here is a small distribution and bitcoin is in big distribution.