Refined Market Reversal for Corny Corn Corn
Updated
Bitmex undergoing maintenance on the 4th is a neat event to help trigger an interesting move that will likely happen in the next few days. Purpey lines are a daily structural meme shape I made and Teal is weekly meme lines.
Looking at an escalator top of around 9252 followed by the devil's elevator down very short after.
An idea I appreciate by cryptomedius (twitter cryptomedius) lays out the historical bull-run-then-large-correction seen in the past by the lord and saviours corn. Obviously this is not guaranteed but history does like to repeat itself.
Would like to see the reaction at 5880 and if not huge demand at those levels with the public and early retail buyers holding poopy bags, it's likely we could see new lows before a move to 100k+.
Who noes tho right?
Looking at an escalator top of around 9252 followed by the devil's elevator down very short after.
An idea I appreciate by cryptomedius (twitter cryptomedius) lays out the historical bull-run-then-large-correction seen in the past by the lord and saviours corn. Obviously this is not guaranteed but history does like to repeat itself.
Would like to see the reaction at 5880 and if not huge demand at those levels with the public and early retail buyers holding poopy bags, it's likely we could see new lows before a move to 100k+.
Who noes tho right?
Note
doesn't look like we'll break 9k agai, le epic parabola teetering on edge, ideal scenario in my mind would be a break of the parabola, rebound of monthly support at 8500, then drop it like it's hot at around 8850 again.Note
Looking to short 8750.Note
Don't think we get 8750 either, bids at 8642.Note
We crash lel
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