We are set up almost exactly like the flash crash we had in March of 2020. If we retested the previous cycles all time high of 20k we could still still consider the move the C wave of wave 4. It kind of would make sense for the big players. There isnt enough volume or confidence in the overall market, and we wont continue this sideways chop forever. We need a deep correction to end the 4th wave. Buying demand would also be huge at the 20k level and we would likely bounce hard from there. Even though this may be far fetched, I think it has a real chance of playing out. Let me know what you guys think.
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😂😂😂 what people hope actually wont happen, but if people hope to pump, it will down.. ppl never learn.. i want to ask you, do you expect on march 2020 to dump?? 😂😂 everybody want on march 2020 to pump
Nutty_Trader
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@Xiu-YoZ, everyone is hoping to pump. But this is very similar setup to March and I havent seen many people mention it.
Xiu-YoZ
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@Nutty_Trader how r you brother? go rekt? happy rekt, not, im not hope go to 27k right now
Nutty_Trader
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@Xiu-YoZ, Im okay still still 10% from liquidation
JenJoLynn
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Great observation. I hadn’t noticed this until you mentioned it. Definitely keeping a close eye on this one. Always expect the unexpected!
capitalwarez
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@capitalwarez, PS, I agree that this is a possibility. However, support is STRONG at 32-28k. I see at most 25.