Divergence BUT strength... Last move
Folks,
As we see bitcoin price gearing up for a ' last' move to
49K we see other crypto's also gearing up for a move..
double top was a correction did follow but that white long lower wick candle show me strength by the bulls and reject lower prices.
I ' think' we are up due to a lost move (also in Bitcoin -->49K) before correction 20/30%. I am not predicting anything NO.. But wouldn't be logic that some whales in Bitcoin take profit..
and prices around 50K (crypto loves round prices) would be logic.. So they let the market fall down and give them selves another opportunity to buy in again at lower prices...
That's how It works and we have to accept it.
This was me just thinking a little loud.. BUT HÉ I DEFINITELY CAN BE WRONG!!!!
As we see bitcoin price gearing up for a ' last' move to
49K we see other crypto's also gearing up for a move.. double top was a correction did follow but that white long lower wick candle show me strength by the bulls and reject lower prices.
I ' think' we are up due to a lost move (also in Bitcoin -->
49K) before correction 20/30%. I am not predicting anything NO.. But wouldn't be logic that some whales in Bitcoin take profit.. and prices around 50K (crypto loves round prices) would be logic.. So they let the market fall down and give them selves another opportunity to buy in again at lower prices...
That's how It works and we have to accept it.
This was me just thinking a little loud.. BUT HÉ I DEFINITELY CAN BE WRONG!!!!
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.