C wave of the ABC correction from the 20K top incoming propulsing us to sub 3K ?
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The rising wedge is breaking : - Bearish bias if there is a close on a daily below with a significant volume - Long/Shorts approx 1.5, which is in favor of bearish breakout
i know its your opinion, but i would like to understand why the price could go back to 1k. i feel like the whales wouldn't want that to happen cause too many ppl would buy cheap coins. right? i hope btc goes at least to 5k again so i can buy some more but I'm even doubting about that.
@yippiekiaye,
- too many longs (longs/shorts approx 1.98)
- Rising wedge with descending volume
- Too much resistance above (look at the order books on the exchanges)
- stoch RSI not looking good on daily
- ..
1800 very low probability to get there but seems not unreasonable given the circumstances and the liquidity of the exchanges .. I can imagine a gigantic wick on the weekly or monthly.