Hello day traders,
Descending triangle is still intact and valid until proven otherwise. Bulls only had a brief moment above the resistance downtrend but it was a clear fake out to provide liquidity for the following dump.
Lower highs, and lower lows have been printed.
Both the daily and weekly look awful, and 4 hour is still overbought just waiting to get smacked down by intensified sell pressure.
Whales have pushed the price sideways for 8+ weeks to trap retail into buying the dip in order for them to dump it shortly after to fill their bags.
$19,999 is programmed and soon enough a new range will be formed in the $20,000's.
Countertrade me and see what happens to your net worth 👍
Descending triangle is still intact and valid until proven otherwise. Bulls only had a brief moment above the resistance downtrend but it was a clear fake out to provide liquidity for the following dump.
Lower highs, and lower lows have been printed.
Both the daily and weekly look awful, and 4 hour is still overbought just waiting to get smacked down by intensified sell pressure.
Whales have pushed the price sideways for 8+ weeks to trap retail into buying the dip in order for them to dump it shortly after to fill their bags.
$19,999 is programmed and soon enough a new range will be formed in the $20,000's.
Countertrade me and see what happens to your net worth 👍
Trade active
since people want to comment rude things on my page the community won't be getting any more posts. enjoy your year!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.