I still believe the accumulation phase of the Syndicate narrative that I have been commenting on for BTC is still active. 

I think the two areas I scratched out of this chart are the end game targets for the final “dip and rip”. 

Since the first level was “farmed”, I would expect a false rally and then a bigger dump to shake out more longs so steal their positions. 

I’m waiting for the washout before I get excited about the bullish case.  

No positions at this time.