Technical analysis by Paul_Varcoe about Symbol BTC: Sell recommendation (8/15/2024)

It's all in the picture. Rallies like this need to be driven by the banks and HFs. They didn't accumulate enough before Retail took the price away from them. The banks and HFs have sold it all the way up from 30. They don't lose very often. It's usually best to be aligned the same way as they are. "Buy the Dip?" May as well say "Baaaaa" like a sheep. That is all. Further justification for this view is available in my recent posts and ideas. I'm also pretty active. See signature. Long story short: This stuff is no longer exponential. Stop thinking it's going to $250k. That will take a decade.