First of all, please hit that like button or leave a comment! 👍
Second of all, shoutout to my counter traders you're now tapped at the top.
Third of all, we've seen 2 fake outs over the past 3 days which may result in trapping bulls and liquidating them. If you seen my last post or follow my twitter (YurloYT) you'd know I've been talking about the idea this may of been a fake out before heading towards $34,000 ish and if we hit that zone its likely we won't stop.
Lastly, the fact this is happening during the Miami bitcoin press conference is PRICELESS.
(Daily momentum oscillator has been overbought for 7+ days, we've seen 2 fake outs with a significant dump shortly after. If the next 2 support levels fail we probably see the next capitulation phase sooner than everyone expects, and no this isn't financial advice, just my personal bias)
Don't get trapped you won't like being liquidated in leveraged longs once the dump REALLY starts. Once liquidations start going off it will cause extreme panic and fear which will increase the sell off pressure.
@cruz3002 We could even see $6000 - $7000 by December if this continues. We can still get a short squeeze but that seems more unlikely every day we’re below $42,000. Time will tell.
cruz3002
⋅
@YurloTrades, We better see the short squeeze soon, but I think we are headed to 20k by July like you mentioned and any bearish news just speeds up the process.
YurloTrades
⋅
@cruz3002 Yeah man the clock is ticking. One elon musk tweet will cause panic lol
cruz3002
⋅
@YurloTrades, Elon has become its own indicator. Hopefully that charm/influence from him will eventually fade.