DESCENDING WEDGE continues to downside
In my last post I warned 'Watch for the descending wedge'
We are still in the descending wedge and it is playing out perfectly.
Each time we hit the top of it or even get close to the dashed line we get rejected.
Bitcoin took a hit but the alts suffered far worse.
But we only moved down $300 and everyone loses their minds!!
So keep that in perspective, I am expecting a rebound today and perhaps more continuation to the downside.
These trivial movements are causing a panic amongst sellers, this is a great side we are near the bottom.
The whales know this, which is why my ultimate low is $5500 but we may not even get there.
If you look at from 4hr or above, we are going SIDEWAYS, in a range. $6500 is still the low.
This is not a tremendously BEARISH day, it just FEELS like it, and its feelings that will be played upon to try and make people sell Bitcoin on the cheap.
This can drag on, its a highly manipulated market but we are still EARLY investors with the opportunity to make life changing money!
We are still in the descending wedge and it is playing out perfectly.
Each time we hit the top of it or even get close to the dashed line we get rejected.
Bitcoin took a hit but the alts suffered far worse.
But we only moved down $300 and everyone loses their minds!!
So keep that in perspective, I am expecting a rebound today and perhaps more continuation to the downside.
These trivial movements are causing a panic amongst sellers, this is a great side we are near the bottom.
The whales know this, which is why my ultimate low is $5500 but we may not even get there.
If you look at from 4hr or above, we are going SIDEWAYS, in a range. $6500 is still the low.
This is not a tremendously BEARISH day, it just FEELS like it, and its feelings that will be played upon to try and make people sell Bitcoin on the cheap.
This can drag on, its a highly manipulated market but we are still EARLY investors with the opportunity to make life changing money!
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