"FOMO traders be like:
'This breakout looks healthy.'
Meanwhile the chart already did:
300% up, three bearish divergences, and charts whispered:
"don't do it.'
But they still long the top with 25x leverage like they're the chosen one."#BTC#ETH#AltCoins#Sui#MarketCipher 4 life
Man, I hate to say they need to clean up Canal Street and getting out of hand, I know to talk shit about NYC but that place specifically Canal Street those few blocks itโs not even a bad neighborhood. Itโs just so messy and itโs not only dumb. Itโs heโs wanna be rich white people that buy fake purses they make it even worse.
measures from measure from the top of the pattern to the lowest low in the pattern measure which is 5%
the decline would average
5% in a bull market and 12% in a ๐ป market pullback idea second chart #BTC#Bitcoin $bitcoin
The pattern confirms as a valid pattern when price closes below the line, usually the valley between the second and last peak. If the valley between peaks 1 and 2 marks the lowest low, then use the last valley as the confirmation price.