BIG SHORT ENTRY at $80k down to $57k Target
2024-11-07

At last, we've reached the Upthrust (UT) in the Wyckoff distribution phase. The short entry target is set at $80k, exit at $57k (approx 30%), with expectations of turbulent price movements for at east a week.

In reflection of previous timings, I was 2 months out on timing (expected in September) but this is a 2 year process so I expect adjustments along the way.
  

Phase B. During this phase, institutions accumulate shares at lower prices, preparing for an eventual markup. This process can take a year or more, involving both buying shares and short sales to control price increases. Phase B often includes multiple secondary tests (STs) and upthrusts near the top of the trading range (TR). Overall, major players aim to acquire as much of the available supply as possible.

End-to-end, the whole distribution phase should last at least another 10 months until Stage E.

Best, Hard Forky
