For the second time BTC painted super bearish chart patterns then rallied right out of it. What's going on?
Not sure ^_^ lol
I just spot patterns. I noticed the March/April 6.5k bottom pattern was very similar to current price action so overlaid it. There was a good chance of a rally. Even posted on the morning a rally to 9k is still possible even with a bearish scenario (see ).
In hindsight its easy to spot right but at the time the market felt very bearish. Then a small dump and spring out of no-where and lambo candle.
At the time this candle kicked off I was 60% cash with but as soon as I saw it break out, I market-bought BTC. FOMO!
Iam with you, i have checked that as well, even some indicators showing the same signs,
DatCryptoBoi
⋅
@TJ_AFCA, yeah a few people in the Crypto chat spotted the fractal in various forms. To be honest it felt bearish as hell so I just watched + waited and on the breakout ... fomoed :D
TJ_Crypto_NL
⋅
@AndrewBth, haha, i already had a long open. was about to close it when that big candle came..
DatCryptoBoi
⋅
@TJ_AFCA, True story. In the 6.5k low, I was long from about 7k 100% of account. In the dump right before the lambo candle, I sold for a loss. I said to myself 'what the heck am I doing? ... its not going much lower. 6k? so what'. Rebought. 15 mins later that 1k candle happened. All logged here :D