Shittiest descending triangle of all time and -38 % correction soon? We had a false breakout recently at roughly 34k and my hope for super bullish move is kinda gone now. I still don't think I wanna take any trade here, too risky for my taste.
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The reason I'm not interested shorting again is because market sentiment is pretty depressing at the moment and bears are too desperate trying to get 20k. It's hard to take a short position in low 30's when you already shorted 60k 2 months ago.
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Just found a chart of this guy and I find it pretty interesting.
His TA says that we're in a falling wedge. I already stated that this is "the shittiest descending triangle of all time" hence why I'm not taking any short right now. His falling wedge looks pretty textbook and everyone will get rekt if it happens. At 28k bears will be saying "you see I told ya so" and then eat a d* when whales pump the price to 40k.
Wow u suddenly became interested in Textbooks and TA. They were bs 2 days ago.
Very funny. I think u are very desperate for a bounce thats why u are aggresive against bears.
burakb
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@burakb, u exactly told whales dont give a sht about EW but now u share them. Hypocricy
burakb
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@burakb, if it fits ur wish ta is good. If it does not ta is bullsht. :)
@burakb, do you even realize how desperate you are? like I'm begging you to go away and you're still here. Just unfollow, find yourself some other victim for your weird fantasies.
EhhEhhRon
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There is just way too much demand under 33k for this thing to break down hard.
supremetrejdr
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@EhhEhhRon, Demand for your typical retail investor, yes. For whales I think the real demand is in 4 digits. I just think bears are too bearish ATM, literally laughing at the possible "scam bounce" into mid 40s. They're so confident in their patterns, either it's wyckoff, head & shoulders or in my case here descending triangle. Like I said everyone is acting like a professional TA expert now .
Very funny. I think u are very desperate for a bounce thats why u are aggresive against bears.