Bearish divergence and bear flag = bear breakfast
So you've seen my genius ideas showing you confirmed 200 SMA resistance on the daily, and my massive, totally visionary fib fractal which is playing out perfectly so far.
Check this out. We have decent bearish divergence on the 4hr MACD and we're in a nice perfectly forming bear flag. What does that mean?
High likelihood of further price drops.
I believe confirming below the 200 SMA, the fib retracement fractal above, and this fractal on the fall from 6K represent converging bearish meta trends that will greatly overpower short term manipulation pumps and price noise. You can see the last fractal there (which I posted first) is taking a while to play out, but it is absolutely still valid.
Trading this chop instead of paying attention to the larger trends in play is a recipe for disaster. Going long anywhere above the long term trend line from July and September (currently on target for around 7K) is like gambling while you're drunk and blind.
Check this out. We have decent bearish divergence on the 4hr MACD and we're in a nice perfectly forming bear flag. What does that mean?
High likelihood of further price drops.
I believe confirming below the 200 SMA, the fib retracement fractal above, and this fractal on the fall from 6K represent converging bearish meta trends that will greatly overpower short term manipulation pumps and price noise. You can see the last fractal there (which I posted first) is taking a while to play out, but it is absolutely still valid.
Trading this chop instead of paying attention to the larger trends in play is a recipe for disaster. Going long anywhere above the long term trend line from July and September (currently on target for around 7K) is like gambling while you're drunk and blind.
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