BitcoinShort
BTC Titanic Sinking Ship Update almost at Sea Floor Please Share
Not financial advice.
The sinking ship theory
This was a chart and a theory I been having for awhile with me and the team and haven't shared it publicly yet.
You can see from where I have areas marked where it broke out of the trendline from 69k but the current in the water was to strong and pulled it back down to this 15400 range and we are in the 2nd steam engine area now with a clear resistance line at 18800
This would also line up with Phase E of Wyckoff Mode where we get one final spike up before the ultimate fall.
The cool thing about this chart is you can envision the ship sinking but also see from the red curve line how it wants to rise from the sea once again.
Hence the name sinking ship theory.
Like and follow
Remember
#PIK
Patience is Key and
#TLAW
Think Like A Whale
The sinking ship theory
This was a chart and a theory I been having for awhile with me and the team and haven't shared it publicly yet.
You can see from where I have areas marked where it broke out of the trendline from 69k but the current in the water was to strong and pulled it back down to this 15400 range and we are in the 2nd steam engine area now with a clear resistance line at 18800
This would also line up with Phase E of Wyckoff Mode where we get one final spike up before the ultimate fall.
The cool thing about this chart is you can envision the ship sinking but also see from the red curve line how it wants to rise from the sea once again.
Hence the name sinking ship theory.
Like and follow
Remember
#PIK
Patience is Key and
#TLAW
Think Like A Whale
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.