$7400 seems the last call to short before we go down down!
everyone has been calling a lot of bullish posts getting the fomo going but it was never going to happen, each wave looked weak and didnt have the makings of a strong run in it.
which brings us to where we are today, another serial dump followed by what has to be more blood.
the 2 waves shown are the larger ABC(de?) wave and the current abcde. there is now resistance at the <$7400 area and both of these waves can only retrace that far.
looks like we are heading to sub 7s very soon. it could of looked good if we'd popped above and held $7700 but not enough people onboard. despite the social media hype im starting to believe that more people have realised this thing is heading down.
to those who are new to the game, dont follow people on twitter, their minds change more frequent then my underwear and to those who are already well into this game trust your TA and dont be tempted into fomo.
peace
everyone has been calling a lot of bullish posts getting the fomo going but it was never going to happen, each wave looked weak and didnt have the makings of a strong run in it.
which brings us to where we are today, another serial dump followed by what has to be more blood.
the 2 waves shown are the larger ABC(de?) wave and the current abcde. there is now resistance at the <$7400 area and both of these waves can only retrace that far.
looks like we are heading to sub 7s very soon. it could of looked good if we'd popped above and held $7700 but not enough people onboard. despite the social media hype im starting to believe that more people have realised this thing is heading down.
to those who are new to the game, dont follow people on twitter, their minds change more frequent then my underwear and to those who are already well into this game trust your TA and dont be tempted into fomo.
peace