Have you ever looked at bitcoin tops and notice what they look like? Oh well, why do I have to tell you :-} And we haven't even tasted this weekly pivot yet so you know what to do mah boooy.
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This looks very similar to the 2019 october squeeze, even the dates are similar as it happen just before the month end. You know what happened next of course.
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That's how you know BTC is overpriced. Normal stocks go down, this corn still hanging.
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The price of bitcoin went over 9k not because people wanted to buy it but because everyone and their mom wanted to short 7.8k but unfortunately a squeeze happened. 20% in a day is not an organic price action.
This is similar to the octoboer 2019 squeeze when it dropped from 10.5k to 6.5k but at that time stocks were still pumping. Now the difference is that stocks are going down too, so this may turn out really nasty.
This is similar to the octoboer 2019 squeeze when it dropped from 10.5k to 6.5k but at that time stocks were still pumping. Now the difference is that stocks are going down too, so this may turn out really nasty.
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this looks like a descending triangle now
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Lots of volume on all exchanges.
according to volume profile, 6750 was a buy zone, and 8670 is a sell zone. 9k was just a bonus, a cherry on top and look at those wicks.
according to volume profile, 6750 was a buy zone, and 8670 is a sell zone. 9k was just a bonus, a cherry on top and look at those wicks.
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comparing to 13k top
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typical crypto head and shoulder
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