Warning to all and prepare for impact because my alert has just been triggered and its not a good thing.
There is one indicator that hasn't failed me yet its this on-metric on glassnode.
BTCBitcoin: Spent Volume Lifespan 7y-10y [BTC]
This shows me when massive volume of the genesis wallets when there moving about and as you can see in the chart it pin points tops pretty dam well.
In April I posted this TA :
In the comments section you can see me updating the TA with warnings and talking about this alert.
I tried to warn traders back then and it ended up being the top this year April 2022 , best short of my career based on this alert and some other things.
So now my alerts are going off once again last time it went off with such high volume was April 2022 the pico top of this year at 48k.
The output volume that's happening now is as high as 2017 top which is insane , I have closed all my positions since I do not dare have a long opened when this alert flashes.
Better image if you want to take a look . ibb.co/xCvmTM7
Stay safe people .
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Saturday night special incoming?
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everything is lining up here the alerts saturday night atleast here , something big is stirring and it won't end well
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If price does not dump from here it will be the first time in history this signal gives a false reading , price has never ever gone up or gone sideways it has straight up dumped
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A wick down to 10.8k would stress test this model that would be the most extreme , big chance of it stopping at 13-14k area
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