BTC Topped
Updated
But no, crypto twitter shills say Micheal Saylor is going to pump our bags, he went 650 million in debt to hand us free money, buy the top and wait it is going to moon... just like XRP and spark airdrop.
Reached top of the channel retested triangle support and was rejected. Volume poor.
Reached top of the channel retested triangle support and was rejected. Volume poor.
Note
Quite a nasty bulltrap that probably netted a lot of exuberant noobs who will hodl all the way down. Formed a 4H bearish engulfing candle at resistance and shorts pilled up at the top. Note
There is something wrong with TV, I can't publish new ideas or generate charts, but here is an update:Pain for both longs and short, pushing price as high as possible before dropping it. Currently price is near the top of the 1 month range. I see a rising wedge with diamond reversal/ ABCD patter inside of it. These are bearish patterns like the 4H bearish divergence present, but wedges can break up in a blow off top when BTC is overheated. So currently this area is a no trade zone until price breakout of the wedge in any direction.
Note
Michael Saylor pumped our bags.
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