Head and shoulder reversal.
This last pump from 20k to 31k was the exit pump. The hype train.
The recent dump from 31 to 27 and back to 29 shows weakness, even more so than the previously highlighted similar situation.
Last time the highlighted situation occurred, it made a higher high, yet still dumped.
This leads me to believe this is the big one. The weakness.
18k Bitcoin is going to become a reality much sooner than many believe. there's going to be buy orders laddered at 25k, 20k, smash thru take that liquidity.
The recent dump from 31 to 27 and back to 29 shows weakness, even more so than the previously highlighted similar situation.
Last time the highlighted situation occurred, it made a higher high, yet still dumped.
This leads me to believe this is the big one. The weakness.
18k Bitcoin is going to become a reality much sooner than many believe. there's going to be buy orders laddered at 25k, 20k, smash thru take that liquidity.
הערה
Dump this trash.הערה
Looks great. Minimum yellow line as support. I think it goes lower though, but there will be bounces on the way down.הערה
still in play here.הערה
Base caseהערה
What was once resistance became support and once again resistance.the 200 week moving average.
הערה
Ive turned more bearish since last update. Looking for a capitulation, rather quickly, to 16500 area. Due date by end of month.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.