We can see bearish divergence across indicators + most altcoins have gained 100% in less than a month's time without correction.
Reason dictates that price cannot keep doubling every month: that would be 4096x in a year? This is early-stage irrational exuberance.
Today's close will show us which direction the market will move : 11.5k or 7k. (The latter being the case if we close below the trend line).
A clear break of 9.8k invalidates the triple combo correction pattern (to 2.5k). However, we must keep in mind that the MMs decide ultimately the price movement.
I see a lot of fomo at this point, whether this is a good thing...
Reason dictates that price cannot keep doubling every month: that would be 4096x in a year? This is early-stage irrational exuberance.
Today's close will show us which direction the market will move : 11.5k or 7k. (The latter being the case if we close below the trend line).
A clear break of 9.8k invalidates the triple combo correction pattern (to 2.5k). However, we must keep in mind that the MMs decide ultimately the price movement.
I see a lot of fomo at this point, whether this is a good thing...
註釋
註釋
still no confirmation yet:Either the whales are selling slowly
Or the bulls & bears are fighting
註釋
rising wedge, of course it broke out
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