Shittiest descending triangle of all time and -38 % correction soon? We had a false breakout recently at roughly 34k and my hope for super bullish move is kinda gone now. I still don't think I wanna take any trade here, too risky for my taste.
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The reason I'm not interested shorting again is because market sentiment is pretty depressing at the moment and bears are too desperate trying to get 20k. It's hard to take a short position in low 30's when you already shorted 60k 2 months ago.
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Just found a chart of this guy and I find it pretty interesting.
His TA says that we're in a falling wedge. I already stated that this is "the shittiest descending triangle of all time" hence why I'm not taking any short right now. His falling wedge looks pretty textbook and everyone will get rekt if it happens. At 28k bears will be saying "you see I told ya so" and then eat a d* when whales pump the price to 40k.
His TA says that we're in a falling wedge. I already stated that this is "the shittiest descending triangle of all time" hence why I'm not taking any short right now. His falling wedge looks pretty textbook and everyone will get rekt if it happens. At 28k bears will be saying "you see I told ya so" and then eat a d* when whales pump the price to 40k.