I have yet to witness such an extreme bulltrap in BTC's history. If you can find me something similar please show it to me. If we're currently at the top of Wave B the final wave down is going to be like watching a horror movie. You've been warned.
Now this is how a textbook descending triangle looks like. Since ADA is one of the top altcoins and whales are taking its chart very seriously I say crypto is pretty much done at this point. In May Dogecoin was a bearish signal, now it's Cardano.
Shittiest descending triangle of all time and -38 % correction soon? We had a false breakout recently at roughly 34k and my hope for super bullish move is kinda gone now. I still don't think I wanna take any trade here, too risky for my taste.
Most traders are shorting this and think exchanges will allow them to profit all the way down to 20k region. All those ppl that didn't have balls to short 60k with me are now opening shorts with confidence.
On the flip side there are still many bulls bragging "I'm still up 200 %, I'm still up 100 %" and not believing in my "ridiculous bottom targets".