BTC 1D Update - Massive Volatility in Both Directions Incoming

Hey! Here is a quick update. We have finally seen our parabolic uptrend broken after putting in what so far seems to be a 3-year macro lower high/double top. However, even though I am bearish for the next months, most shorts will probably not survive this potential downtrend. Our daily bearish engulfing candle is extremely large so this liquidity gap will probably have to be filled during a very large dead cat bounce. Expect huge bounces followed by huge drops in the next months. I have outlined a potential scenario illustrating this.

See you!