Thinking about this like a poker game. Whales just made huge gain from 4k then rebuy it very low. We've just seen a bull trap, why should'nt they profit from that trap too and rebuy it low?
Hard to say what will happen after a bounce, but I think good things will happen in the next week or so.
Hard to say what will happen after a bounce, but I think good things will happen in the next week or so.
Comment:
I think we just seen a mini bull trap and we could see other fakes signals during the bearish momentum. I'm waiting for strong signs around critical support to reenter, may take 12-36hours in my mind.