It is always the same playbook at this point and it is getting boring to watch. The same double top distribution pattern repeats again and again. This is the game they play, wiping out both shorts and longs before the real rally begins.
The last time we saw this setup Bitcoin pulled back 32 percent into the CME gap at 77k. The next gap sits at 92k and you can bet they will dump it down there too. In reality it is not even that big of a move, just 26 percent, perfectly in line with previous pullbacks.
The real story is the fear it will create. This lines up with September, historically Bitcoin’s worst performing month and a time when blood usually runs in the streets.
DO NOT FALL FOR THIS BEAR TRAP AND SHAKE OUT
The last time we saw this setup Bitcoin pulled back 32 percent into the CME gap at 77k. The next gap sits at 92k and you can bet they will dump it down there too. In reality it is not even that big of a move, just 26 percent, perfectly in line with previous pullbacks.
The real story is the fear it will create. This lines up with September, historically Bitcoin’s worst performing month and a time when blood usually runs in the streets.
DO NOT FALL FOR THIS BEAR TRAP AND SHAKE OUT
Dagangan aktif
Nota
we not getting 92k long
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.