Its no secret that the bears have been in control over the last 4 weeks. Any chance of a downswing has accrued massive bearish shorts followed by unsustainable upswings and volatility . Rinse and repeat.
For the mood to change there has to be consolidation and time. Ever since testing the 30k range for the 5th time something seems different. We are losing volatility in favor for sideways movement at a lower price bracket. If this action continues then we might see bearish sentiment and volatility push aside in favor of a natural breakout through the top trend line causing a full reversal. The 14th of Junes attempt was a fake out caused by market manipulation hence it was unsustainable, however this time its natural. You be the judge.
For the mood to change there has to be consolidation and time. Ever since testing the 30k range for the 5th time something seems different. We are losing volatility in favor for sideways movement at a lower price bracket. If this action continues then we might see bearish sentiment and volatility push aside in favor of a natural breakout through the top trend line causing a full reversal. The 14th of Junes attempt was a fake out caused by market manipulation hence it was unsustainable, however this time its natural. You be the judge.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.