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Fakeouts - #Cryptocurrency Market/#Bitcoin analysis 8/29
So, what do we have? We have #short #squeezes on thin air. I had suspicion of #bear #traps, and well.....yeah. Can't exactly say I'm surprised.
So, what do we have? We have #short #squeezes on thin air. I had suspicion of #bear #traps, and well.....yeah. Can't exactly say I'm surprised.
At this time, weekly charts are by and large unchanged. tradingview.com/x/J8cJYTLY/ - bearish, see ya later. So far. Obviously this #fakeout back and forth stuff when we're at a pivot leaves me at a little bit of indecision.
Daily charts also say LOL, because we're literally sitting on top of a horizontal support going way back, and yet...we already went under it once and for sure did not strongly bounce off it. Usually when this occurs, market goes down. tradingview.com/x/2q3KlQ0m/
