Btc. On the 125-minute chart there was a big move of more than 20% across 22 bars. After that, we had a sideways phase of 37 bars until returning to the previous peak. This characteristic by itself would indicate a top in time. Until now, we have another 45 bars of sideways movement, marking an additional top without continuity. After the entire rally, the price managed to move only another 2.4%, taking 4x longer than the rally time. In theory, this represents a distribution phase in order to go back and test levels below. It can continue rising because the market is sovereign, but based on the clean chart reading and without emotion, that’s what it would be. #bitcoin
