Hello!!!! WTF is going on? I HAVE NOOOOOOOO CLUE!!!!!!
So, it has been a while since we have seen the "BITMEX Short Gets REKT!!!!" and to be honest we've been seeing it a lot lately. Which leads me to the coolest thing I've noticed when staring at the chart for no more than 10 seconds.
The giant pumps that come from nowhere. Litterally nowhere. Then they get chased and then "OMFG new ATH's incoming." And then...when you went to sleep feeling good....BAM! Bearwhale attacks.
In this segment of pretty colors and cool lines, I've eliminated the pretty colors (most of them) and almost as many lines as possible. Instead I'm highlighting the Bearwhale actions of pumping the price, the ensuing FOMO, and then the REKTing of the masses.
Based on previous occurances I see a minimum of a 30% retrace. Possibly more. Remember that the people holding the majority of BTC got in well before 5k.
For now. I'm tethered.
I advise you only to sleep. Because sleep is good.
So, it has been a while since we have seen the "BITMEX Short Gets REKT!!!!" and to be honest we've been seeing it a lot lately. Which leads me to the coolest thing I've noticed when staring at the chart for no more than 10 seconds.
The giant pumps that come from nowhere. Litterally nowhere. Then they get chased and then "OMFG new ATH's incoming." And then...when you went to sleep feeling good....BAM! Bearwhale attacks.
In this segment of pretty colors and cool lines, I've eliminated the pretty colors (most of them) and almost as many lines as possible. Instead I'm highlighting the Bearwhale actions of pumping the price, the ensuing FOMO, and then the REKTing of the masses.
Based on previous occurances I see a minimum of a 30% retrace. Possibly more. Remember that the people holding the majority of BTC got in well before 5k.
For now. I'm tethered.
I advise you only to sleep. Because sleep is good.