Bitcoin broke a local descending trendline (D-Trend); low volume; continues bearish below "resistance."
We define resistance here as arbitrary levels we chose at random just by looking at the chart... But it is clear, easy to see, how these randomly chosen lines actually represent true resistance levels based on past-price action.
👉 The targets can be seen on the lower portion of the chart... Just notice the trading volume.
More shakeouts; more swings.
Remember, these sideways periods are when traders lose the most...
Beginners rookie-mini whales got their behinds handed to them by expert-mega whales. The rookie-mini whales were trading based on position size while the mega whales were trading on time... They got liquidated so often and so much, that they completely gave up.
After this period, the market is about to resume its normal trajectory based on market cycle. A correction follows a period of growth.
I know I am blessed because you are reading this today.
My blessing is your support.
Namaste.