Topic: Could this be the inverse hNs ? Back to 5K Reversal ? - page 2. (Read 421 times)
$5,000 would be great, I don’t do charts unfortunately but I’ll be very happy to see $5,000 again. I don’t see why we can stay in this range for too long, it’s simply too cheap.
Yes many think this is an inverse head and shoulders pattern on the daily. The neckline is somewhere around $4150 depending on which exchange you are looking at.
Either $4150 or the $4200 is going to be huge resistance and if it clears should pave the way for $5000, and then maybe re-test the old support of $5800-$6000. However lately there is too much chop and most days like today, there is very little range.
Either $4150 or the $4200 is going to be huge resistance and if it clears should pave the way for $5000, and then maybe re-test the old support of $5800-$6000. However lately there is too much chop and most days like today, there is very little range.
there is always going to be a bunch of greedy bear whales who want to short bitcoin or want to buy cheaper bitcoin and accumulate more. it is true at literary all the times. the difference is that they are not the only players in the market and as soon as the market sentiment changes and the trend reverses in the other direction, they will have to stop or be crushed by it.
it has little to do with "psychology" in my opinion. it is mostly naivete accompanied by greed and small size of the market which makes it easy to manipulate if you have enough money.
it has little to do with "psychology" in my opinion. it is mostly naivete accompanied by greed and small size of the market which makes it easy to manipulate if you have enough money.
Could it be.... 
The panic created by rotschild calling it a bubble etc, so they can buy it cheaper might have ended.
Not sure yet but some greedy bears still want crypto to go lower but in the short term we could see a relief rally to lower 5Ks
What do you guys think ?
Its all psychology based so the majority thinks it will pump it will.
The panic created by rotschild calling it a bubble etc, so they can buy it cheaper might have ended.
Not sure yet but some greedy bears still want crypto to go lower but in the short term we could see a relief rally to lower 5Ks
What do you guys think ?
Its all psychology based so the majority thinks it will pump it will.
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