Ascending wedge appears to be drawing to a close here.
It has become very shallow and calm in this recent area.
Calm tends to arrive before a storm.
There are bearish RSI divergences that cannot be seen through rose tinted glasses.
Earnings later today could do anything...
But right here WULF looks set to roll off the table down and down 👇🏻.
Fanboys that can't read a chart are about to find out 💀.
Not shorting, I only want deep buys down the road...
Not advice
It has become very shallow and calm in this recent area.
Calm tends to arrive before a storm.
There are bearish RSI divergences that cannot be seen through rose tinted glasses.
Earnings later today could do anything...
But right here WULF looks set to roll off the table down and down 👇🏻.
Fanboys that can't read a chart are about to find out 💀.
Not shorting, I only want deep buys down the road...
Not advice
Comment:
WULF
Looking sheepish as Bitcoin has a hard bounce 🐑.
Looking sheepish as Bitcoin has a hard bounce 🐑.
Comment:
Its just a matter of time...
Comment:
Small recovery bounce but notice that it is still below the Demand Line.
This trendline will now have a lot of resistance as will all the peaks.
It could perhaps probe back above the trendline to print a bull trap shakeout.
But the chance of it holding above for a longer duration is slim.
There have been much better trades than WULF in this area.
Check my other calls ETH - Up 35%, TRU up 90%, TRUMP up 150% 🚀
All while WULF and most BTC miners have been doing nothing.
That's why you can be a seasoned researcher and know all about the FA story of WULF and how great it is or whatever.
But if you can't read a chart then you have no clue about the overall market dynamic and your strategy is nothing more than blind hodl; missing out on great opportunities elsewhere and makes you a sitting duck for big losses.
This trendline will now have a lot of resistance as will all the peaks.
It could perhaps probe back above the trendline to print a bull trap shakeout.
But the chance of it holding above for a longer duration is slim.
There have been much better trades than WULF in this area.
Check my other calls ETH - Up 35%, TRU up 90%, TRUMP up 150% 🚀
All while WULF and most BTC miners have been doing nothing.
That's why you can be a seasoned researcher and know all about the FA story of WULF and how great it is or whatever.
But if you can't read a chart then you have no clue about the overall market dynamic and your strategy is nothing more than blind hodl; missing out on great opportunities elsewhere and makes you a sitting duck for big losses.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
14% earnings slump and WULF has collapsed through the shakeout demand line.
This is just the beginning 😼.