PANIC MODE APPROPRIATE? 🤢 💩
My fears, the FUD cycle might shake off plenty traders, seem to have been fulfilled since a few weeks. The price is ranging and whales skimmed both the short and long positions. So no changes to my previous opinion - switch to waiting mode and don’t panic. The fear, especially doubts, and uncertainty, is the desired end state which might be on it‘s peak now.
Why?
Check out the chart and let’s see if we’ll close with a huge green hammer today. What could this mean?
„Hammer candlesticks are a popular reversal pattern formation found at the bottom of downtrends. They consist of small to medium size lower shadows, a real body, and little to no upper wick. This shows a hammering out of a base and reversal setup“
Understood? LET‘S SEE IF THE MARKET WILL HAMMER ITSELF OUT OF THE FAKE BEAR AND TAKE OFF FOR THE NEXT BULLISH TREND UNTIL MID APRIL!?!
What do you as_sess?
Your T4P
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No financial advice. DYOR
