While everyone else has been posting about moons and rockets. I have been keeping it real. For that, you're welcome.
Once we close below this trend line, which seems almost inevitable at this point. We will head lower.
I believe I warned everyone about this move multiple times.
-Sherem
Once we close below this trend line, which seems almost inevitable at this point. We will head lower.
I believe I warned everyone about this move multiple times.
-Sherem
Comment:
if you recall my last idea, I drew a wedge that indicated that we would move up or down depending on where we broke out.
This last idea, we clearly had a break down. We had a daily close, a break below support and we broke the trendline. We did find support at $9,300 which you can see we have been moving up strongly from. However, I wouldn't hit the fomo button just yet, we're moving back up in this massive triangle. Where I would still need a break a little higher for me to get excited with it. Plus, if you look at all the alts, they are doing nothign. It tells me people are flowing into BTC away from alts and that BTC wil dump again. But this is crypto, who knows! Use caution folks.
This last idea, we clearly had a break down. We had a daily close, a break below support and we broke the trendline. We did find support at $9,300 which you can see we have been moving up strongly from. However, I wouldn't hit the fomo button just yet, we're moving back up in this massive triangle. Where I would still need a break a little higher for me to get excited with it. Plus, if you look at all the alts, they are doing nothign. It tells me people are flowing into BTC away from alts and that BTC wil dump again. But this is crypto, who knows! Use caution folks.
So on point!
You're welcome: