Im of the opinion that the current dip is entirely manufactured by the bad actors namely Jihan and Roger.
Ive seen analysis on the MAHF and it is seemingly FUD.
I wouldnt be surprised if they released the 'plan' having built large short positions and will subseqently buy the dip... if you were going to ultimately lose all those jucy mining fees... its the logical think to do in a mega bull market is it not? I would certainly be tempted if i knew how much i could move an (unregulated) market for personal gain.
Im looking for a bounce on the Kijun and 78.6% retracement level. Hopefully the market sees it for what it is.. we needed a correction anyway.
Good luck.
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Looking for a H&S to form and enter a trade on a break of the neck line targeting $3200
Failiure to break the neck line would suggest more down to retes the $2100-$2200 range, but i favour the break out.
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I actually entered this trade before the neckline break.. was very sure it was going to do so and it now has. There is also a tk cross above the cloud on the 4hr so i am all in on this trade.