Content
@
0 reply
0 recast
0 reaction
The Grill Sergeant
@grillsergeant
**BTC** Zoomed out and up close 15% correction thus far from the top, not that crazy in a bull market. The trend line coming from last cycles top has almost seen a full retrace to the scene. Price is also piercing the daily track line. Also, a big pocket of longs just got taken out. Short-term expecting a bounce soon. Whether that will just be another bounce in a down trend or a reversal is still to be seen. Looking at liquidation maps (last 2 charts), they have heavily shifted to show that more liquidations would be created on a move to the upside. I heard a theory that I think is possible: A head and shoulders is forming on BTC as a trap. Everyone will start getting max bearish and calling for lower than price will ever go.
1 reply
0 recast
1 reaction
The Grill Sergeant
@grillsergeant
0 reply
0 recast
0 reaction
