FOMO influence is greater than ever now, they want your wallet. Do not fall for this bull snare. Previous weekly red candles will be repeated, if not more with this pL @n dem 1 c.
dip to 1700 or lower best to take profits and leave market prominently . Don't rely of "fomo". easy to be fooled when you think you are smart money. another -23% or more is highly possible.
Guys who knew this would happen? Did the top "idea charters" on this website inform you of this. No, not until it's too late. No hate toward them just stating that short term ideas are a waste of time.
Want to save your money instead of throwing it into the fire? Do not enter the market until the price is RIGHT! ( Blue Line ) Follow this and you will surely have a safe entry! Anti-brainwashing FOMO/HODL: ON History Rhymes: ON
I like to simply call this the "Milking Phase". The blue lines represent the price being wacked up and down, soon only to go lower. History Rhymes.
IMO 160 channel is bait we will have a major down move in price and this will bait a lot of people. We will then have a support for our 2nd point at around 2910.
We have our heading so to speak. Who is balsy to long this SHIB INU However If we plummet down this time it will go to .000003-.000002 otherwise we may have a mini sell off by day trader(this is normal happened today at .00000045 so this is healthy)
looks like we may see more buying pressure soon this triangle will determine if we go up or down may continue going sideways for a couple weeks.
This triangle is in a bearish trend(short term) we are actively searching for a breakout that is when the big money will start to flow back in this coin.
These are the short term possibilities that can occur within the next weeks or days(imo). In the short term, every time we hit support it turns into resistance. (Bearish Bias) If this selling pressure keep it up we may end up around 30k. Real value of BTC around 30k? Too much FOMO happened in that area it seems, so we may correct to 30k, if selling pressure...
Mini shakeout happened, don’t follow mainstream ideas right? :) now if we go past the blue line we are on our way to victory.
Update from yesterdays idea, BTC respected this channel (Blue LINE Support/R). Look for a breakout from BLUE give more time see how this channel plays out. DYOR before placing any entry ! Thanks. Appreciate the feedback.
If the blue line 4hour level fails we may go bounce at the fib line over the next few days. If we breakout 57k+ from the 4hr channel we can buy a long entry. As a new trader, any deep wisdom shared would be greatly appreciated.
Entry NOT confirmed (DYOR!) , we are looking for a breakout from the SUPPORT level. If we drop below support bitcoin will have to step in. I would wait a bit more before placing a long order on a confirmed breakout candle. Good luck traders & appreciate any support.
We look good just need more momentum algo is trying its best.