This weekly candle should close much lower with a large wick left behind. Last hope for bears IMO. Cannot discount this.
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This is still my thesis.
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They want you to think it stops, but it accelerates.
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Update:
Decreasing volume on the move up from 29k to 69k was the first indicator this was a scam pump, a lower high on the RSI and on the MACD when the price hit a new all time high was the next indicator of a scam pump. We are likely headed for a 0.786 or lower retrace.
What we are looking at is a traditional DOUBLE TOP. Extremely bearish. Thanks to all of the crypto influencers for announcing that everyone should tell their family at turkey dinner to buy crypto, this was a dead giveaway of the top... the whole family will now go broke too :P
Decreasing volume on the move up from 29k to 69k was the first indicator this was a scam pump, a lower high on the RSI and on the MACD when the price hit a new all time high was the next indicator of a scam pump. We are likely headed for a 0.786 or lower retrace.
What we are looking at is a traditional DOUBLE TOP. Extremely bearish. Thanks to all of the crypto influencers for announcing that everyone should tell their family at turkey dinner to buy crypto, this was a dead giveaway of the top... the whole family will now go broke too :P
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Well, That certainly worked...
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Fun times fun times. And nowadays we just witnessed the bottom. Real cool.