good evening o/
i'd like to keep this post very simple and straight to the point.
---
my little expanded flat idea could still be at play,
but the trendline which we touched earlier this evening cannot be breached.
if it is breached, we will see capitulation down to 22.9k (potentially lower).
---
if the little trendline is respected,
-we can see a short squeeze back up to 34k before seeing the final decline to around 20k by finishing the og diagonal.
-most people are either short, bag holding, or expecting 20k,
-so this little move up would really shake things up in the market for the majority.
---
trade safe, and have an awesome week 😎
i'd like to keep this post very simple and straight to the point.
---
my little expanded flat idea could still be at play,
but the trendline which we touched earlier this evening cannot be breached.
if it is breached, we will see capitulation down to 22.9k (potentially lower).
---
if the little trendline is respected,
-we can see a short squeeze back up to 34k before seeing the final decline to around 20k by finishing the og diagonal.
-most people are either short, bag holding, or expecting 20k,
-so this little move up would really shake things up in the market for the majority.
---
trade safe, and have an awesome week 😎