Hey Everyone , Many of you thought we`ve broken the triangle , and now its time for the bull run to begin.
In my opinion that`s incorrect .
For the Following reasons:
If we look at the chart above , we can clearly see a strong trend line that doesn`t let us to go up.
In my opinion that fast and strong break out of the resistance we had , was just a simple hand shake , Now once we got all our shorters out , we can see a fast reaction of selling. If you check the volume in the daily period and 13h we can clearly see the red volume ( short volume) Is bigger .
Which shows me we that the bears might be planning something.
Also on top of that , that fast run , was something small fishes made. Which means , the whales aren`t buying atm.
They are selling.
Simply selling :) .
That tells me alot.
We might get another pump to that very same trend line I marked.
After that, I truly believe we`ll see 42k .
Thanks , Alon
In my opinion that`s incorrect .
For the Following reasons:
If we look at the chart above , we can clearly see a strong trend line that doesn`t let us to go up.
In my opinion that fast and strong break out of the resistance we had , was just a simple hand shake , Now once we got all our shorters out , we can see a fast reaction of selling. If you check the volume in the daily period and 13h we can clearly see the red volume ( short volume) Is bigger .
Which shows me we that the bears might be planning something.
Also on top of that , that fast run , was something small fishes made. Which means , the whales aren`t buying atm.
They are selling.
Simply selling :) .
That tells me alot.
We might get another pump to that very same trend line I marked.
After that, I truly believe we`ll see 42k .
Thanks , Alon