Double top
This weekly candle should close much lower with a large wick left behind. Last hope for bears IMO. Cannot discount this.
Note
This is still my thesis.Note
They want you to think it stops, but it accelerates.Note
Update:Decreasing volume on the move up from 29k to 69k was the first indicator this was a scam pump, a lower high on the RSI and on the MACD when the price hit a new all time high was the next indicator of a scam pump. We are likely headed for a 0.786 or lower retrace.
What we are looking at is a traditional DOUBLE TOP. Extremely bearish. Thanks to all of the crypto influencers for announcing that everyone should tell their family at turkey dinner to buy crypto, this was a dead giveaway of the top... the whole family will now go broke too :P
Note
Well, That certainly worked...Note
Fun times fun times. And nowadays we just witnessed the bottom. Real cool.
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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.