Ep. 999: No Lies Just Bullshit with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Bullshit Email
The latest phase of markup has been particularly challenging since on chain analytics indicate that the whales that sold off during the Wyckoff distribution really haven't bought back in. I was expecting a lower bottom than what we appear to have reached at around 28 to 29 K on Bitcoin. Though I'm remaining skeptical of the recovery and I'm aware that in prior cycles there have been strong markups that have capitulated dramatically again. In all of this, I'm trying to discern signs of what actors may be in play. Human emotions over here, price action over here. He's not going to divorce the two. As Jake said, or was it Elwood? I can't remember. It wasn
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