Big short Fall Coming........ ;)
Updated
Hi Everyone,
The last 48 hours has been a sobering wake up call from the beautiful daydream of a lavish bull market!
The market continues to flood with negative news everything between wallets moving enormous amounts of BTC to different exchanges, and questions as to who even owns these wallets!!!!
Goldman Sachs has again proven their power of public manipulation, publicly announcing their dump of BTC and price manipulation!!!
Crypto enthusiasts only hear and cling to the hope of regulation and "ETF finally approved" as a sign of change of tide change and BTC to 20K..........
My no frills analysis is as follows:
The accumulation of Shorts point to another slide this time to retry lower lows possible 6100-6200 and will have to see if this resistance holds through the weekend!
The stoichastic in the 4hr chart shows we are close to overbought at 6500 levels..
There are forces that continue to work on causing chaos and instability in a wild market, I believe that the SEC will continue to delay their approval and continue to frustrate all those hoping to have Lambos to drive to Thanksgiving dinner this year!!
The last 48 hours has been a sobering wake up call from the beautiful daydream of a lavish bull market!
The market continues to flood with negative news everything between wallets moving enormous amounts of BTC to different exchanges, and questions as to who even owns these wallets!!!!
Goldman Sachs has again proven their power of public manipulation, publicly announcing their dump of BTC and price manipulation!!!
Crypto enthusiasts only hear and cling to the hope of regulation and "ETF finally approved" as a sign of change of tide change and BTC to 20K..........
My no frills analysis is as follows:
The accumulation of Shorts point to another slide this time to retry lower lows possible 6100-6200 and will have to see if this resistance holds through the weekend!
The stoichastic in the 4hr chart shows we are close to overbought at 6500 levels..
There are forces that continue to work on causing chaos and instability in a wild market, I believe that the SEC will continue to delay their approval and continue to frustrate all those hoping to have Lambos to drive to Thanksgiving dinner this year!!
Trade active
Hi everyone,I just wanted to express my ideas please feel free to opine. It is the end of the weekend and after almost 4 days of downward spiraling on BTC price and testing 6100 price, we have rebounded.
I tried to draw a horizontal at around 31334 (BTCUSD SHORTS) which seems to be a resistance line and a possible target for accumulation of shorts again. The stoichastic seems to be in overbought territory with low volume.
I believe if we start a significant accumulation of shorts toward mid to end of week we may see another dump to retest 6100 levels.
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