BTC classic P&D, death cross, bull trap, crash to 5k 2.5k

Almost the exact playbook as two weeks ago. The differences are three:

• This time there's no fake news to accompany the pump.
  
• This time it's only bitcoin that's pumping, not altcoins.
  
• This time it's much weaker.
  

This leads me to think that it's probably a smaller group of whales, so the play may be weaker. They attacked during the Easter holidays when the big players may be off. Today everyone goes to work, and the market will crash soon.

Four months ago, I drew three thick green support lines. They got penetrated one by one. After this chart, I'll delete the two on top because they're now meaningless; even in the most bullish scenarios they probably won't come into play again.

Too many reasons why it'll fall. Not going to list them here.

Four circles on the chart are where this played out.

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コメント:

possibly shooting for the "double top (per the previous update)"?

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dropping nicely. still could do a double top, but perhaps the attempts earlier sufficed (since the double tops get tighter & tighter).

we see each bounce gets weaker & weaker & the number of people in denial shrinks

after a final capitulation we'll see a real bottom where it no longer bounces. maybe it'll be 2.5k, but probably under 5k.