Okay folks, let's get straight to it.
So the flagpole and pennant from my previous idea was clearly valid. You can observe clear manipulation post breakout of the pennant followed by several attempts to prop up the price which resulted in a couple of Dojis. To me, this is the most clear and obvious evidence of manipulation. But no matter, the trend cannot be stopped, a bull-trap however can be formed. Then, over the weekend, the bulls released the pressure valve and let the trend continue. Don't be fooled by our current levels, we are still headed towards my previously stated target ~6,272. Hold on the sidelines and wait for further confirmation of a break to the downside if you want to play the short game which I think is reckless at this point. We will reassess BTC at the bottom and see if a bounce is in order. Whales will try and squeeze us here so lookout.
This is not financial advice it's just an opinion. Feel free to share yours.
Cheers.
So the flagpole and pennant from my previous idea was clearly valid. You can observe clear manipulation post breakout of the pennant followed by several attempts to prop up the price which resulted in a couple of Dojis. To me, this is the most clear and obvious evidence of manipulation. But no matter, the trend cannot be stopped, a bull-trap however can be formed. Then, over the weekend, the bulls released the pressure valve and let the trend continue. Don't be fooled by our current levels, we are still headed towards my previously stated target ~6,272. Hold on the sidelines and wait for further confirmation of a break to the downside if you want to play the short game which I think is reckless at this point. We will reassess BTC at the bottom and see if a bounce is in order. Whales will try and squeeze us here so lookout.
This is not financial advice it's just an opinion. Feel free to share yours.
Cheers.