Bitcoin more bearish than expected (death cross)
In the last two weeks, I made several posts, all predicting the start of the DUMP phase of the COIN pump & dump.
I'm marking this post as a tutorial to sum up some bearish signs that everyone that is not a bot should be able to identify:
1. Rising wedge
2. Three black crows
3. Death cross
4. Volume divergence
5. MACD divergence
6. RSI divergence
Drop is faster & harder than I expected. I think no bounce can be expected before 40k, but it's 30k that I'm looking at.
This doesn't mean that the bounce is not that of a "dead cat" variant. Under 10k by the summer is very likely.
One last thing:
COIN IPO is the most classic pump & dump.
I'm marking this post as a tutorial to sum up some bearish signs that everyone that is not a bot should be able to identify:
1. Rising wedge
2. Three black crows
3. Death cross
4. Volume divergence
5. MACD divergence
6. RSI divergence
Drop is faster & harder than I expected. I think no bounce can be expected before 40k, but it's 30k that I'm looking at.
This doesn't mean that the bounce is not that of a "dead cat" variant. Under 10k by the summer is very likely.
One last thing:
COIN IPO is the most classic pump & dump.
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