nice man i truly wish to believe you are right just sentiment is so incredibly bearish right now it's very difficult to think positively. i don't see why btc wouldn't try for another top before the 6k into 5k and below descent that is preached. besides why wouldn't the exchanges want to liquidate all the plethora of bears right now taking short positions for a crash
TJ_Crypto_NL
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@mpetresky3,
There are multiple types of traders, we have the trollbox shouters, retailers, pro's and marketmakers.
there are some stops to clear up there, their are some bottom shorters to crush, and we started this uptrend with a strong bullish div on the daily, why would it ends like this? Sure it can. but i wouldnt expect this.
Another thing is that inverse head and shoulders was a part of the wyckoff accumelation, it last for almost 3 weeks, so i would expect a longer distribution time up there.
Well we will see how this works out in the next 48 hours