QUOTE(SmallPenguin @ Feb 7 2021, 11:40 AM)
I won't say it a total invalidation
But generally, today High should not be more than yesterday High
Even if it breaks, say ATH, I wont be surprised, because of Greed, Maniac usually happens near the peak
On my chart, I have a slope trend line drawn roughly from Q4 2020
The breakout, aka the bullrun, started on Dec 26 2020 peak at $42k with 30% breakout from the trend line and ended at Jan 21 2021.
I commented, smart money pulled out from 42k, to me, it means the Big Bulls are gone
The Elon Pump, which may be a cooperation from Small and Medium Bulls, the breakout is only around 9% and get kicked back down below the trend line, immediately
This is where I commented previously, the last leg is done
And the yesterday price up to 41k, the breakout is 6%, and now get kicked down back to below the trend line just today
Hope this gives you some idea. And prices and news are illusions. What most people seeing is the small picture within the bigger picture.
Someone has to be left holding the bags, who gonna provide liquidity for big players to get out? The retailers all round the world
The biggest picture is m2 supply non stop going upBut generally, today High should not be more than yesterday High
Even if it breaks, say ATH, I wont be surprised, because of Greed, Maniac usually happens near the peak
On my chart, I have a slope trend line drawn roughly from Q4 2020
The breakout, aka the bullrun, started on Dec 26 2020 peak at $42k with 30% breakout from the trend line and ended at Jan 21 2021.
I commented, smart money pulled out from 42k, to me, it means the Big Bulls are gone
The Elon Pump, which may be a cooperation from Small and Medium Bulls, the breakout is only around 9% and get kicked back down below the trend line, immediately
This is where I commented previously, the last leg is done
And the yesterday price up to 41k, the breakout is 6%, and now get kicked down back to below the trend line just today
Hope this gives you some idea. And prices and news are illusions. What most people seeing is the small picture within the bigger picture.
Someone has to be left holding the bags, who gonna provide liquidity for big players to get out? The retailers all round the world
Feb 7 2021, 11:59 AM

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