I believe that we experienced in the last 2 and a half month is a bear trap.
Facts:
- 1.618 golden ratio hold.
- ARK buys the dip
- Besides ARK my institution accumulate
- Elon Musk holds even though I am not a big fan of his, many people expected that he dumped his coins before TSLA earning report
- Little whales accumulating
- MVRV ratio is on the ground (usually it signs an upcoming rally)
BULLISH CASE:
- break out from the falling wedge
- Break out from RSI resistance line
BEARISH CASE:
- if we break down 1.618
Facts:
- 1.618 golden ratio hold.
- ARK buys the dip
- Besides ARK my institution accumulate
- Elon Musk holds even though I am not a big fan of his, many people expected that he dumped his coins before TSLA earning report
- Little whales accumulating
- MVRV ratio is on the ground (usually it signs an upcoming rally)
BULLISH CASE:
- break out from the falling wedge
- Break out from RSI resistance line
BEARISH CASE:
- if we break down 1.618