Not really sure but it does look like we are getting a pull back any time now. A foreign trader showed me this and said they are selling most of their crypto holdings to buy the dip. I decided to share this and see what you all think. Regardless of what happens holding will not affect your portfolio very long but it does give a opportunity to lower your average and pull bitcoins off the market. Less bitcoins in the market the higher the bull market will go. Can't wait for next year.
Comment:
RSI cooled down on the daily and if the 50ma close holds support then bitcoin could close the month of November around 42k usd. Look close at the retrace.
Comment:
This account Divergencemaker83 is being closed. Not secure someone hacked me and got all my charting and trade data.
Attention to details:
December 10, 2018 to March 9, 2020 copy the pattern and overlay it over the past years trading. the only difference is we have a higher peak on the right side of the pattern. I hate to say it but when this happens it is usually volcano time and stop losses will get wiped of the order flows creating a chaos of losses. Prepare for the event even if it doesn't happen you will be ready to buy the dip.