I was sitting here before Dash dumped thinking man that look like the Crypto ascending triangle. Sure enough, it was. So far ever crypto has a tendcy to do this, move up in a perfect ascending triangle only to then dump. this is basically market makers trying to screw people out of money before running it up again.
Because of this, this is why I can draw this really crappy looking ascending triangle in anticipating that it bases out here at this local support. Wish I would have called that triangle sooner. I would have looked like an oracle or something. Maybe I still will if it move as anticipated? But expect to be in the doldrums for a bit as the market makers try and shake people out before the halving. and to their credit, they have gotten a lot of people to go short to add the fuel they need to really drive it up.
plus, we entered around $50, so we are in good shape here.
Cheers,
-Sherem
Because of this, this is why I can draw this really crappy looking ascending triangle in anticipating that it bases out here at this local support. Wish I would have called that triangle sooner. I would have looked like an oracle or something. Maybe I still will if it move as anticipated? But expect to be in the doldrums for a bit as the market makers try and shake people out before the halving. and to their credit, they have gotten a lot of people to go short to add the fuel they need to really drive it up.
plus, we entered around $50, so we are in good shape here.
Cheers,
-Sherem
Comment:
and sorry for the typos, forgot to correct them
