I'm not impressed by price action! - Still bearish market!
* So some of you know how extremely bearish I was so far.
And my last market analysis got rekt by the Chinese news manipulation (Not an excuse, yes I was wrong, and it's ok to be wrong, I'm a probabilities man and big speculator, and yet I I misinterpreted the impact badly, we all learn from mistakes)..
Remember this chart that I posted a few weeks ago?
- well so far the down yellow trend holds strong
- also the e21 weekly holds strong!
- also OBV still weak as usually
* next week we might be able to confirm this manipulation by volume action,
- and especially if they let the daily e50 and e200 to death cross, it will take a few good days before we know which way we really tend to go (We need to confirm volume)...
- Meanwhile, I'm not impressed not by OBV nor by volume action on bigger time frames (Especially not the daily one)
* Yes, that means I am still bearish. yes I started yet again to ladder more to my short positions.
* PS: Are we forming hanging man one weekly ;) xd.
* PS2: Remember, China news are number 1 in manipulating the market, 1 day they say go all in, the other day they say fuck Crypto, don't forget from past experience how it was when almost every week China news turned from extremely bullish to extremely bearish and vise versa non stop, all this while we were in-fact in a BEARISH market which continued to drop more and more, this is the exact same pattern guys, I still think we are in Bearish market, we must retest the 5500+/- levels (5000-6200 as minimum).
And my last market analysis got rekt by the Chinese news manipulation (Not an excuse, yes I was wrong, and it's ok to be wrong, I'm a probabilities man and big speculator, and yet I I misinterpreted the impact badly, we all learn from mistakes)..
Remember this chart that I posted a few weeks ago?
- well so far the down yellow trend holds strong
- also the e21 weekly holds strong!
- also OBV still weak as usually
* next week we might be able to confirm this manipulation by volume action,
- and especially if they let the daily e50 and e200 to death cross, it will take a few good days before we know which way we really tend to go (We need to confirm volume)...
- Meanwhile, I'm not impressed not by OBV nor by volume action on bigger time frames (Especially not the daily one)
* Yes, that means I am still bearish. yes I started yet again to ladder more to my short positions.
* PS: Are we forming hanging man one weekly ;) xd.
* PS2: Remember, China news are number 1 in manipulating the market, 1 day they say go all in, the other day they say fuck Crypto, don't forget from past experience how it was when almost every week China news turned from extremely bullish to extremely bearish and vise versa non stop, all this while we were in-fact in a BEARISH market which continued to drop more and more, this is the exact same pattern guys, I still think we are in Bearish market, we must retest the 5500+/- levels (5000-6200 as minimum).
