Head&Shoulders on the Market Cipher
On 3h, a similar late August pattern is repeated, where the market starts to believe too much in growth, and of course the market makers punish everyone. I see Momentum Waves on MC showing exactly the same H&S pattern, which will almost always mean a sharp drop.
1) CME Gap on Sept 7-8 went unfilled, and this is the first prerequisite for a 55k move.
2) The daily VWAP is already very tired and may want to cool off by going below the zero line.
3) The 2-6h RSIs are overheated as hell, accordingly they need to cool down too.
4) And, I mean, just look at the liquidation map: 5bn longs will be liquidated at 55k! On the top the market just doesn't have anything to eat.
We'll see who turns out to be right, maybe I'm wrong again, but I have a strong feeling we'll see a nice scam wick before the Rate Cuts to screw as many longs as possible.
Why will the price recover quickly?
Otherwise it would disrupt the upward mega-triangle of the parabolic cycle, and we also have a rate cut that is rumored to be bullish in nature.
1) CME Gap on Sept 7-8 went unfilled, and this is the first prerequisite for a 55k move.
2) The daily VWAP is already very tired and may want to cool off by going below the zero line.
3) The 2-6h RSIs are overheated as hell, accordingly they need to cool down too.
4) And, I mean, just look at the liquidation map: 5bn longs will be liquidated at 55k! On the top the market just doesn't have anything to eat.
We'll see who turns out to be right, maybe I'm wrong again, but I have a strong feeling we'll see a nice scam wick before the Rate Cuts to screw as many longs as possible.
Why will the price recover quickly?
Otherwise it would disrupt the upward mega-triangle of the parabolic cycle, and we also have a rate cut that is rumored to be bullish in nature.
Dagangan aktif
Going as planned for now, but it's possible that we'll check on 60k again.
Penafian
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