Yesterday was an interesting day.
MMakers faked out a Falling Bullish Wedge. But besides that trap and the bullishness of the masses pre Halving, we are going down! At least thats the most probable scenario IMO. I posted here my thesis time ago that this HTF Range was a Distribution. I was right.
Moments ago we had a perfect retest of the Descending Triangle (you can check my previous analysis).
If price falls to hold support at the latest Low of this HTF Range, we are going down! Eventually price can fall all the way to 54 - 52k. And if that happens, we need to examine in detail the reaction and everything because if the bearishness continues, we can fall even harder.
Each of this huge falls are opportunities to accumulate excellent positions. But we need to analyze each fall in order to try to determine if price will continue to fall or not.
I insist: think outside the box. Be brave enough to have a different opinion to the masses.
Dont trust media. Dont trust news.
Be brave. Take care.
MMakers faked out a Falling Bullish Wedge. But besides that trap and the bullishness of the masses pre Halving, we are going down! At least thats the most probable scenario IMO. I posted here my thesis time ago that this HTF Range was a Distribution. I was right.
Moments ago we had a perfect retest of the Descending Triangle (you can check my previous analysis).
If price falls to hold support at the latest Low of this HTF Range, we are going down! Eventually price can fall all the way to 54 - 52k. And if that happens, we need to examine in detail the reaction and everything because if the bearishness continues, we can fall even harder.
Each of this huge falls are opportunities to accumulate excellent positions. But we need to analyze each fall in order to try to determine if price will continue to fall or not.
I insist: think outside the box. Be brave enough to have a different opinion to the masses.
Dont trust media. Dont trust news.
Be brave. Take care.