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nagihatoum
Apr 18, 2021 1:23 AM

BTC Diamond Reversal and 3 drive pattern Short

Bitcoin / United States DollarCoinbase

Description

Doesn't look bullish. Now at support of the gann fan line. Broke back into the range, retested 60.8k resistance and was rejected. The deviation over the 60k resistance is technically a fakeout over key level or a UTAD of a Wykoff distribution range. Further downside is now possible.

Comment

Reached the bottom of the range in less than 3 hours. 1 billion longs liquidated. This I consider predatory price action, meant to liquidate retail., especially since they broke out of range and made ATH which are very bullish in themselves.
Comments
warrior4511
It worked as you said. I saw it losing 7k in a couple of hours. It shocked me how fast it dumped.
P_S_trade
Nice chart
HASANROONEY
amazing work
diversionlulu
it happened
ChartProphet
Nice chart work!
UnknownUnicorn10952252
Nice chart, do you believe we have seen the end of this?
prefabsprout
nice one. this is your day!

and likely your week and month.

but not your year.
nagihatoum
@prefabsprout, you forget I called this bullrun from 10k

prefabsprout
@nagihatoum, ah yr right! credit due!!
MMBTtrader
great job had same idea

thanks for sharing
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