the long squeeze continues,
as longs get frantically pushed out of the market.
talked about it in my last video, and it's been playing out word for word since we topped out at $45924.5.
----
what am i seeing here?
an expanding diagonal for the fifth wave of the primary third of this local impulse.
----
>fear\greed index sits at 20 right now, i'd like to see it at about 10 by the time we bottom.
>next dip will really scare the majority, forcing them to panic sell whatever positions they have left for a loss.
>that is when a larger bounce will take place.
>it will be short lived
>it will get rejected
>the majority will get stopped out before btc finds a significant bottom closer to 32k.
>very few will have the courage to buy down there.
----
ps. it's possible my fifth wave will only be wave (A), which would imply 2 more waves to go, and a deeper move than most humans currently can fathom.
✌
as longs get frantically pushed out of the market.
talked about it in my last video, and it's been playing out word for word since we topped out at $45924.5.
----
what am i seeing here?
an expanding diagonal for the fifth wave of the primary third of this local impulse.
----
>fear\greed index sits at 20 right now, i'd like to see it at about 10 by the time we bottom.
>next dip will really scare the majority, forcing them to panic sell whatever positions they have left for a loss.
>that is when a larger bounce will take place.
>it will be short lived
>it will get rejected
>the majority will get stopped out before btc finds a significant bottom closer to 32k.
>very few will have the courage to buy down there.
----
ps. it's possible my fifth wave will only be wave (A), which would imply 2 more waves to go, and a deeper move than most humans currently can fathom.
✌