Megaphone or Diamond Top
Greetings everyone.
Hope you are doing well :)
A pump and rejection at $26100, was not a surprise for me as technically we know that any asset can retest either,
resistances or supports multiple times.
I saw too much euphoria, and people calling bull run and bull market.
Let's be honest with ourselves and landing on the ground. Does not exist any bull run or bull market until the next halving.
At least this says the history and I am wondering why I need to go against it. Because this time is different? How is different?
Can anyone show me the difference? The only difference I am seeing is that we are at a historical moment in the economy of all the
world and unfortunately this is not in the favor not for cryptos only, but for any asset.
I am listening Megaphone pattern for Bitcoin, ready to explode, etc. And who says to me that is not a consolidation area and
a process of Diamond Top? Because we found support at 200MA? Does not mean anything. Many indicators are bearish and on
a daily time frame, we have Bearish divergence.
I am not saying can not go higher. But I am not bullish at all, and I do not see any bull run. The opposite, I am yet expecting at
least 18k, and if the diamond top plays out, we will retest the last low. In this case, no one can guarantee you that we will not break
below the last low of $15,500.
And imagine how many people will lose money, that now they are long!
The most crucial area for Bitcoin is at $28700. We didn't even test this area yet!
Resuming, I remain bear and waiting for lower prices.
When I will be long? Only above $28700 with support.
Do not forget that based on Elliot Waves, this pump indicates wave 4 from the All time high.
I didn't know that wave E it's been abolished :)
Meanwhile, I am building my portfolio for altcoins even if exist yet the possibility falls all 30-40%.
I am open to discussions and exchanging of opinions with everyone, as I am here, first to make friends, and secondly
to support each other in this marathon. Because trading and investment are marathons.
Feel free to post your opinion, even if you agree with me or not. I am in the understanding that everyone has his own
opinion and I teach them to respect it! :)
Your comments and a possible like in our TA will be always appreciated.
I am waiting for you to discuss anything connected with cryptocurrencies and the crypto industry. :)
Have everyone a nice day ahead and a wonderful weekend.
Hope you are doing well :)
A pump and rejection at $26100, was not a surprise for me as technically we know that any asset can retest either,
resistances or supports multiple times.
I saw too much euphoria, and people calling bull run and bull market.
Let's be honest with ourselves and landing on the ground. Does not exist any bull run or bull market until the next halving.
At least this says the history and I am wondering why I need to go against it. Because this time is different? How is different?
Can anyone show me the difference? The only difference I am seeing is that we are at a historical moment in the economy of all the
world and unfortunately this is not in the favor not for cryptos only, but for any asset.
I am listening Megaphone pattern for Bitcoin, ready to explode, etc. And who says to me that is not a consolidation area and
a process of Diamond Top? Because we found support at 200MA? Does not mean anything. Many indicators are bearish and on
a daily time frame, we have Bearish divergence.
I am not saying can not go higher. But I am not bullish at all, and I do not see any bull run. The opposite, I am yet expecting at
least 18k, and if the diamond top plays out, we will retest the last low. In this case, no one can guarantee you that we will not break
below the last low of $15,500.
And imagine how many people will lose money, that now they are long!
The most crucial area for Bitcoin is at $28700. We didn't even test this area yet!
Resuming, I remain bear and waiting for lower prices.
When I will be long? Only above $28700 with support.
Do not forget that based on Elliot Waves, this pump indicates wave 4 from the All time high.
I didn't know that wave E it's been abolished :)
Meanwhile, I am building my portfolio for altcoins even if exist yet the possibility falls all 30-40%.
I am open to discussions and exchanging of opinions with everyone, as I am here, first to make friends, and secondly
to support each other in this marathon. Because trading and investment are marathons.
Feel free to post your opinion, even if you agree with me or not. I am in the understanding that everyone has his own
opinion and I teach them to respect it! :)
Your comments and a possible like in our TA will be always appreciated.
I am waiting for you to discuss anything connected with cryptocurrencies and the crypto industry. :)
Have everyone a nice day ahead and a wonderful weekend.
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