What Happens Next?Everybody is still debating if we are going into a bear market or are we in a bear market , the only thing these questions do is distract you from what is about to happen .
Look at the facts in the charts :
October 2020 Breakout
Green Box - Pump breaking 8/1 Gann
Yellow Box - False Rally (Distribution)
RedBox - Price coming back down and holding 8/1 Gann as support and reaching Max Pain on market sentiment.
Orange Box - Disbelief Rally
Present Day
Green Box - Pump breaking 8/1 Gann
Yellow Box - False Rally (Distribution)
RedBox - Price coming back down and holding 8/1 Gann as support , also reaching Max Pain on market sentiment.
Orange Box -????
We can see things clearly playing out like the 2020 breakout same pattern as before . It is designed that way to create as much confusion and false signals as possible before the rally and when it comes most traders will be at a point of disbelief so they won't enter the market till much higher.
Just take one step back and look at the whole picture and market sentiment , traders are the most divided now , everyone has their own idea on what's going on and what's about to happen but nobody is really paying attention to the chart.
The fact is you can clearly see the same pattern playing out that fooled everyone in 2020 thinking Bitcoin was just ranging with that drop from 12500 to 10000 , when in fact it was the best entry in trading history , could this be the second ?
Its time to stay focused and not get distracted with small 5% moves this is all noise.
