Hello everyone! It's been a while, been extremely busy! Here is my outlook on the 3D chart. We are in a huge descending triangle. HOWEVER, the closer we get to the apex, the more it converts to bullish potential as opposed to a bearish pattern. When patterns reach or exceed their apex, you can generally consider them invalidated. My guess its that we bounce a little bit in the apex. If we get near 6k again, shorts will probably go parabolic again. Instead of breaking down, I think we will break UP and liquidate over-leveraged, under capitalized retail traders all the way up to 8k+.
Regardless of all the patterns and idea out there, more important and more overlooked than all, VOLUME PROCEEDS PRICE! Look what volume has been doing on the 3D....
Regardless of all the patterns and idea out there, more important and more overlooked than all, VOLUME PROCEEDS PRICE! Look what volume has been doing on the 3D....