Critical support line approaching
I feel like I don't need to post anything because it's pretty obvious what bitcoin is doing...
Bull trap after bull trap after bull trap.
I think if you are getting trapped in longs here you should not trade crypto, you're way too easy to steal from.
Amazingly people are still uber bullish. As we continue in a DESCENDING TRIANGLE,
at the top of what looks like a blow of top market cycle.
Where do they find these guys?
YES we could see a new bear market emerge from this and be back below the daily 200 MA by the end of this year.
Does the majority realize this? No. But It could happen. And is looking somewhat likely.
In fact the only thing that would prevent this at this point is that LAST green support line coming up across that red triangle.
And so far we've broken every single other support line.
That line actually proceeds from 2009. If bears can't break that line, very bad news for them. And I think thats where we're headed in the short term.
We're gonna test that line once again with a shit load of momentum to the downside. And we'll need it.
If you're a real bull and not an idiot you may try buying small there with a tight stop loss below the support line on the descending triangle.
But if you're already in the market, I just glad nature rewards people like you with failure, as it helps the gene pool get stronger.
Bull trap after bull trap after bull trap.
I think if you are getting trapped in longs here you should not trade crypto, you're way too easy to steal from.
Amazingly people are still uber bullish. As we continue in a DESCENDING TRIANGLE,
at the top of what looks like a blow of top market cycle.
Where do they find these guys?
YES we could see a new bear market emerge from this and be back below the daily 200 MA by the end of this year.
Does the majority realize this? No. But It could happen. And is looking somewhat likely.
In fact the only thing that would prevent this at this point is that LAST green support line coming up across that red triangle.
And so far we've broken every single other support line.
That line actually proceeds from 2009. If bears can't break that line, very bad news for them. And I think thats where we're headed in the short term.
We're gonna test that line once again with a shit load of momentum to the downside. And we'll need it.
If you're a real bull and not an idiot you may try buying small there with a tight stop loss below the support line on the descending triangle.
But if you're already in the market, I just glad nature rewards people like you with failure, as it helps the gene pool get stronger.
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