Sell in May and go away…
continuation
BTC big triangle is slowly unfolding…
Bounce of the slopped support line around the point D is at the moment the most likely scenario BUT in my opinion another touch of the the 6k is something to look for AND if this happens, this time it'll get breached.
Closeup of the C to D section.
I'm seeing this as a double combo ABC correction, BUT depending how much down it will drop, it may even get to the triple combo this time as the more times some support is being tested the more likely it will get broken.
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There will be a lot of interesting!
Thanks, I've subscribed to you too, I can see that your last post on BTC aligns with my thinking 😃
What a lot of those "mainstream steemit crypto guru guys" missed (most likely intentionally as being bearish isn't popular and that's what they mostly care about) is that BTC is literally just finishing it's January's crash/correction swings and many of "the noobs" (sorry for the word) just got skinned so recently and it will take some time for the new blood to come in and push the price back up and possibly higher.
Whales aren't interested in donating to the price grow, they're here to make money but of course occasionally they'll pump the price as it's in their interest to see BTC growing and it's their way of stiring up small investors/traders minds, but the last little pump from the 12th of Apr, although very strong, has shown us that the crowd isn't ready yet. (I think I'll include this reasoning in my next post).
Take care
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Hi Adam, I'm glad you like it, thank you 😃