I tried to look back in history, and we dont all the time see dumps before manipulation like this. We havent seen a lot of selling pressure, and this could very well be an ABC-correction, where the C-wave is an Ending Diagonal.
If that is the case, we will most likely have one more wave down, before we will continue up. This would also mean, we didnt have to go below 10,000 USD, which potentially could send a really bad signal to investors about a not that strong Bitcoin.
That would also go against my idea, that Whales and Exchanges are trying to keep us above 10k to attract new retail investors.
BTC-Dominance at 61.4%
BTC-dominance has also decreased 1.2% the last 48 hours, which could be 2 thing:
1. VCs who are pumping coins they have invested in, before July, which was the half yearly closing for crypto Venture Capitalst Funds.
2. A General Global Bullish Market Sentiment.
Lets see! And Remember that LIKE!
D4 Loves You!
If that is the case, we will most likely have one more wave down, before we will continue up. This would also mean, we didnt have to go below 10,000 USD, which potentially could send a really bad signal to investors about a not that strong Bitcoin.
That would also go against my idea, that Whales and Exchanges are trying to keep us above 10k to attract new retail investors.
BTC-Dominance at 61.4%
BTC-dominance has also decreased 1.2% the last 48 hours, which could be 2 thing:
1. VCs who are pumping coins they have invested in, before July, which was the half yearly closing for crypto Venture Capitalst Funds.
2. A General Global Bullish Market Sentiment.
Lets see! And Remember that LIKE!
D4 Loves You!
Note
What also support this idea is, that this structure here is more Bullish than Bearish. I will not go into too many details, but the bigger Right Shoulder gives you an idea.Note
Ending Diagonal. The most plausible scenario as I see it.
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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.