For the second time BTC painted super bearish chart patterns then rallied right out of it. What's going on?
Not sure ^_^ lol
I just spot patterns. I noticed the March/April 6.5k bottom pattern was very similar to current price action so overlaid it. There was a good chance of a rally. Even posted on the morning a rally to 9k is still possible even with a bearish scenario (see BTC: Rinsed Out in the range).
In hindsight its easy to spot right but at the time the market felt very bearish. Then a small dump and spring out of no-where and lambo candle.
At the time this candle kicked off I was 60% cash with 40% invested in Ether but as soon as I saw it break out, I market-bought BTC. FOMO!
Long from 8,450, stops now at break even.
Not sure ^_^ lol
I just spot patterns. I noticed the March/April 6.5k bottom pattern was very similar to current price action so overlaid it. There was a good chance of a rally. Even posted on the morning a rally to 9k is still possible even with a bearish scenario (see BTC: Rinsed Out in the range).
In hindsight its easy to spot right but at the time the market felt very bearish. Then a small dump and spring out of no-where and lambo candle.
At the time this candle kicked off I was 60% cash with 40% invested in Ether but as soon as I saw it break out, I market-bought BTC. FOMO!
Long from 8,450, stops now at break even.
