Sorry guys! We have further to fall. A LOT further
I will keep this brief as I have already tried to publish this once and lost it all.
Volume has dropped from 15 million to 6 million - coming to a decision point. Long-term buy and sell walls have decreased slightly possibly getting ready for an important decision point
Formed a descending Triangle and close to the apex
Dropped below the 50 EMA a big sell of could cause cross of 100 EMA
As mentioned in a previous post I believe the market is operating in 16-day cycles which have been maintained by these bots if we follow the long-term (bull) trend and the Long-term bear we can see these lines intersect to form an apex within the .618 and .786 fib retracement level. My entry will be within the yellow circle as this will be the area we can look to break back up and continue the long-term trend.
Volume has dropped from 15 million to 6 million - coming to a decision point. Long-term buy and sell walls have decreased slightly possibly getting ready for an important decision point
Formed a descending Triangle and close to the apex
Dropped below the 50 EMA a big sell of could cause cross of 100 EMA
As mentioned in a previous post I believe the market is operating in 16-day cycles which have been maintained by these bots if we follow the long-term (bull) trend and the Long-term bear we can see these lines intersect to form an apex within the .618 and .786 fib retracement level. My entry will be within the yellow circle as this will be the area we can look to break back up and continue the long-term trend.
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Just broke 52k sats pretty important if we break the trend we may reverse a lot of selling pressure. Need to wait for the close in 3.5 hrs alot can happen
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Looks like a bull trap now we look even more bearish than before lets go!
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