The BTC market is extremely volatile as many of you already know that! What makes me uncomfortable right now is the manipulation of wales pumping and dumping the price of BTC attempting to short the market. Also it was brought to my attention by a new friend on trading view that the exchanges could be dumping BTC , therefore manipulating the price of BTC being one of many variables that is causing the massive sell offs of BTC . Since most of us don't really know the real why 's , all we can truly rely on, are the charts. In conclusion, right at this very moment, the charts signal DEFCON 5 red alert! (Extreme )
Overall, I observed an inverse /reverse which typically indicates a signal and that a will continue with the price action of BTC . Extreme caution is advised right now! I am still investigating and undergoing more analysis that will allow me to define a perfect entry point at the absolute rock bottom. If I succeed, then I might end up in a short vacation in a few months in Costa Rica sipping a pina colada. If im wrong than I will be sipping a regular Starbucks coffee at my local coffee shop.
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PS: Disclosure, this TA is not financial advice. This is for educational purpose. You should perform your own individual TA and arrive to your own specific conclusions!