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Ram_Mula
Jul 1, 2021 7:29 PM

Welcome to bear market Short

Bitcoin / TetherUSBinance

Description

Possible scenario if we don't get the 40-43k rally in 48 hours

Comment



This is also possible
Comments
NoOneWhoIsSomeone
48 hours would put us into the weekend. Maybe the whales are timing the market just in time for the fireworks show but this is very wishful thinking so I would expect the opposite for now. I am watching a squeeze-out on the RSI closely though.
Ram_Mula
@NoOneWhoIsSomeone, The RSI will squeeze to the downside if we lose 32k imo. The chart shows a technical bear market and sellers have shown more strength in June.
NoOneWhoIsSomeone
@Ram_Mula, This is what I mean
Ram_Mula
@NoOneWhoIsSomeone, I see, ya if bulls manage to break that downtrend line then it would still be a bull trap imo and back down we go
NoOneWhoIsSomeone
@Ram_Mula, absolutely, if it happens it will top out and the official Bear Market will take place.
Be77ni
🇦🇱?
ManOFCryptoWorld
agree but not soon
there is pump and dump
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