The answer to my questions isn't yes, yet... But it definitely looks like it. Now my "speculative arrows" from my previous charts don't seem that speculative anymore, eh?
This is what I see: I see a few consecutive lower highs and lower lows. That being said, we still haven't formed the third consecutive lower low, but if that happens, then I believe we'll see the price of BTC oscillate wildly, yet consistent with the slow burn we've seen since the $10500 top. Following by a very abrupt free fall/panic sell. Both stages designed to squeeze as much as possible from retail traders, so be careful.
Unless we manage to reverse here and form a higher low followed by a higher high, everything I've stated in my previous charts remain the same.
I haven't logged into Twitter in a while, but I'm willing to be the perma-bull continue tell people to "buy the dip". Please, be careful with those characters, some of them are OK, but there are many many traders with huge followings that don't have any clue.
That's it for now!
Cheers!
This is what I see: I see a few consecutive lower highs and lower lows. That being said, we still haven't formed the third consecutive lower low, but if that happens, then I believe we'll see the price of BTC oscillate wildly, yet consistent with the slow burn we've seen since the $10500 top. Following by a very abrupt free fall/panic sell. Both stages designed to squeeze as much as possible from retail traders, so be careful.
Unless we manage to reverse here and form a higher low followed by a higher high, everything I've stated in my previous charts remain the same.
I haven't logged into Twitter in a while, but I'm willing to be the perma-bull continue tell people to "buy the dip". Please, be careful with those characters, some of them are OK, but there are many many traders with huge followings that don't have any clue.
That's it for now!
Cheers!