Note the big red candles in prior selloffs of this trend each followed by a deep flush with reversal leaving a long wick. Crashing.
Big ERs Weds FB and Thurs AMZN, AAPL all EOD after the close. Extreme risk in any position now, highly unstable, unpredictable.
Catch this knife at your own risk. Indicators become worthless in a panic. Oversold >> More Oversold....
I've noticed that with the recent BTC price pop, it has formed simmilar pattern as it did when btc was topping on a larger timeframe. Patterns look identical more or less, and is a blueprint for me to say that we could have another small pullback that could even take us a bit lower but not by much. 29k technically will hold as most of the shorts that were opened...
Bitcoin needs massive liquidity In order to move to $100k and beyond and the only way that's possible is to hit all the stop losses sitting below 28k. It all makes sense if we look at the potential harmonic pattern forming. There's no guarantee but if we brake and close below $39,500 there's a MASSIVE probability we head down to around the 27k mark. Think about...
