Bitmex undergoing maintenance on the 4th is a neat event to help trigger an interesting move that will likely happen in the next few days. Purpey lines are a daily structural meme shape I made and Teal is weekly meme lines.
Looking at an escalator top of around 9252 followed by the devil's elevator down very short after. An idea I appreciate by cryptomedius (twitter cryptomedius) lays out the historical bull-run-then-large-correction seen in the past by the lord and saviours corn. Obviously this is not guaranteed but history does like to repeat itself.
Would like to see the reaction at 5880 and if not huge demand at those levels with the public and early retail buyers holding poopy bags, it's likely we could see new lows before a move to 100k+.
Who noes tho right?
הערה
doesn't look like we'll break 9k agai, le epic parabola teetering on edge, ideal scenario in my mind would be a break of the parabola, rebound of monthly support at 8500, then drop it like it's hot at around 8850 again.
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.