Good day:)
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of course this big wedge broke yesterday. But not much happend immediately. Rendering the wedge weaker/different than it looks. So i attempted another explanating the pending breakdown delayed through the two "confused forces" still fighting. (Some people must have been wishing for the falling wedge reversal else it my have broken down faster)
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buyers in order books still look a little stronger. But bulls seem not to have left a lot to hope for now. Of course short squeeze could happen and often. Luckily it is not very often and it is only when you believe in gamblers and evil/mainpulators able to control bitcoin. In the short term. But then, as a logical consequence, you will also believe in it to fall harder afterwards. So long simply is a bad risk/reward now.
Thos who dream of new ATHs will only enter at 5000. But as long as the news are negative and prices are above 4000 bear's dream may already have come true.
Thos who dream of new ATHs will only enter at 5000. But as long as the news are negative and prices are above 4000 bear's dream may already have come true.
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here we go again.
bulls are still there. I do not recommand buying any bitcoin. But be patient/greedy before you make a high leverage short. We are not at 5000 any more. For example a $200 or 5% pump for 10 Minutes on the bitcoinmarket changes little for the whole world. And may not be very expensive/risky for gamblers and manipulators to try it. collectively either. Some of the best ideas are some of the most likely deals to be squeezed and liquidated if you arent patient enough.
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bulls may be running out of time so i assume the wedge may break down sooner if it follows the yellow line the instead of the little pink short squeezing/pump arrows:
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(confirmattion of the W shape can happen at $3887, then the first pink arrow may be a trade worthy to some day traders. Others are more controversial)
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