Alright,this rally was fun.I hope i'm not right but this is what i see.
1)Daily has 2 double divergences,NVT points insane overbought conditions,Weekly overbought as hell,monthly parabolic.
2)Since inception,BTC always retraced to weekly 20 MA before continuing the bull move,we haven't seen it since this 200% pump.
3)Parabolics always end in a sharp decline.
4)At a certain point around this levels,some of the whales will take profits.
5)Everyone is Long now,everywhere predictions of 100k till december = Sell.
6)How much steem you think it has left? I believe it won't even reach 10k,whales always sell/buy before certain levels where the herd is waiting.
I'm waiting for 6.2~5.8k area to load up.I hope it's not forming an ABC correction on monthly,if so = we're doomed to 3k and lower.
Remember,nobody believes it untill it happens.I was wrong with my retracement of btc from 5.8 to 4.4,it just shooted to 9k,hope i'm wrong this time also.
Market makers make more money In Between than right now when everyone is just Holding and waiting for Lambos.
Cheers :)
1)Daily has 2 double divergences,NVT points insane overbought conditions,Weekly overbought as hell,monthly parabolic.
2)Since inception,BTC always retraced to weekly 20 MA before continuing the bull move,we haven't seen it since this 200% pump.
3)Parabolics always end in a sharp decline.
4)At a certain point around this levels,some of the whales will take profits.
5)Everyone is Long now,everywhere predictions of 100k till december = Sell.
6)How much steem you think it has left? I believe it won't even reach 10k,whales always sell/buy before certain levels where the herd is waiting.
I'm waiting for 6.2~5.8k area to load up.I hope it's not forming an ABC correction on monthly,if so = we're doomed to 3k and lower.
Remember,nobody believes it untill it happens.I was wrong with my retracement of btc from 5.8 to 4.4,it just shooted to 9k,hope i'm wrong this time also.
Market makers make more money In Between than right now when everyone is just Holding and waiting for Lambos.
Cheers :)
Trade active:
Everything going according to plan.Will start to buy altcoins,btc between 7.4 and 7.2k for a bounce