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FSG FX
Every time $BTC has transitioned out of the dark blue territory into the green-ish territory.
This transition has almost always meant the macro trend has shifted.
We never extended into the euphoric red territory at $126K, which further supports what I’ve been saying.
BTC will eventually decouple from traditional cycle metrics and gradually begin trading more like the S&P 500.#BTCSpotETF450MOutflow
FSG FX
BTC READY
So clearly, the objective has been to take out longs. The question is: why? When the market continuously hunts one particular side, there’s usually a reason. More often than not, it’s because that’s the side the market eventually intends to reward. Repeatedly sweeping the lows de-leverages the market and slowly destroys conviction in longs. Eventually, people become conditioned to expect every sweep to lead to the breakdown. Then boom. The final sweep marks the local bottom, and price expands ba
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