Re distribution Next event!
Welcome to thunderboy21 technical analysis,
Here you see 2 parts on the chart that are very similar to each other, as i have said is my previous Post i was looking at this fractal from above distribution and projected it on this price action.
i shorted the top via this fractal for a 20% move down ( Did not expect that fast )
i think this is just going to play out, first on the rise up to 49k ish everyone gets ultra bullish and fomo longs, only to sell into the bigger sell orders that are waiting at these levels.
in the next post i will post the picture of this .618 - .66 fib with all the confluence i found! Make sure you check it out!
SMASH that like button !
Follow for more great insights!
that is thunderboy21 signing out
Here you see 2 parts on the chart that are very similar to each other, as i have said is my previous Post i was looking at this fractal from above distribution and projected it on this price action.
i shorted the top via this fractal for a 20% move down ( Did not expect that fast )
i think this is just going to play out, first on the rise up to 49k ish everyone gets ultra bullish and fomo longs, only to sell into the bigger sell orders that are waiting at these levels.
in the next post i will post the picture of this .618 - .66 fib with all the confluence i found! Make sure you check it out!
SMASH that like button !
Follow for more great insights!
that is thunderboy21 signing out
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