Hello everyone, just when we think that things can get a little bit better, we are trying to you know have some trouble here. So yesterday we crossed an important, I just don’t know what is going on with crypto anymore. It’s out of my understanding nowadays, that it’s not fun anymore.
Okay, trading the way trading used to be fun it’s not fun anymore and the reason is the following right, how many times have we seen everything not holding retest. Okay, it’s getting way too weird.
I mean, it’s just getting way too weird, you had one resistance, second one, third one, fourth one, you broke out and this is where the fun actually ends. that you even made are test and you back tested successfully.
Just to take to go down once again so, I’m still not sure, if Bitcoin wants to head down. I still don’t see Bitcoin one wanting to come down but, I’ll tell you one thing that, if Bitcoin does end upcoming down and taking these lows and back testing and failing them then, I do think Bitcoin is going to drop which makes sense for Bitcoin.
But, I don’t know, what’s going to to happen to the altcoins, are going to be bleeding way too bad for the fact that, Bitcoin is going to be going way too down. Now, anything can happen of course in the market right now.
But, what I’m looking at what I’m interested in is the weekly time frame the next four days are quite important to see where Bitcoin is going to be leading the place. So, you do have this thing going on. In here, you do have a Morning Star printed out for Bitcoin on top of the EMAs.
Okay. So, the EMA is here are holding support for Bitcoin you have the 10 EMA holding. You have the 55 and the 20 holding as well. So, we’re not actually losing any hope. At the moment hopes are still alive in the air, it’s floating in the air, you have hope as long as you have hope.
You might get lucky but, in just one second, just one second everything can flip over. Everything can just go down and I always tell you, to be prepared for the war situation I mean, we all we do is hope for something good.
Right. But, it doesn’t really mean that, it’s going to be good all the time, it’s going to be a little bit bloody and messy and you’ve got to deal with it. That’s just how the market really is? It’s not fun all the time, it’s actually blood and sweat at some point.
So for me, if you are not going to be holding the EMAs if, the Morning Star is going to be invalidated, which is which has not been done just yet. Then you might end up just coming down lose the EMAs. Right there lose the EMAs drop down and Boom come down here and there is one reason, to go down there and that is simple a CME Gap at twenty thousand dollars has not been filled.
So, if that Gap is going to be filled then, let it be now you never know, if this is just a quick capitulation to take stop losses and then go back up it in my opinion, if something like that, is meant to happen it will just be a capitulation and you make a very you know quick capitulation down there and then, you bounce off very very quickly.
