The current situation looks similar to October 2019
After the mini bull market ended in July, we consolidated deep inside demand for a while, a concerning warning sign. One last exit pump / short squeeze (the Me pump) then bear market continuation.
However, we've already tested support 5 times - buyers are exhausted and Rule of 5/6 applies. If we return for another test, it's unlikely to hold. This pump needs to follow through, otherwise we could easily go to 24k or 20k without any chances to exit.
However, we've already tested support 5 times - buyers are exhausted and Rule of 5/6 applies. If we return for another test, it's unlikely to hold. This pump needs to follow through, otherwise we could easily go to 24k or 20k without any chances to exit.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.