Possible Capitulation on BAO
Diupdate
I really like this project but after a huge blowoff top has played out since getting listed on FTX this is starting to look heavy.
The white triangle reminds me alot of the 2018 Bitcoin bear market which resulted in a breakdown forming a U shaped Bottom.
If we manage to Break to the upside and close above the yellow inverse parabola i can sell my bullish case playing out.
Set some layered bids down to 0,000500$ on FTX and already started to build spot exposure around 0.00100$.
Good luck trading and as always this is not financial advise.
The white triangle reminds me alot of the 2018 Bitcoin bear market which resulted in a breakdown forming a U shaped Bottom.
If we manage to Break to the upside and close above the yellow inverse parabola i can sell my bullish case playing out.
Set some layered bids down to 0,000500$ on FTX and already started to build spot exposure around 0.00100$.
Good luck trading and as always this is not financial advise.
Catatan
broke down out of the white triangle and looks like at failed backtest right now.This move even occured while bitcoin rallied so i expect further downside if bitcoin shows weakness
Catatan
so we actually made it back into the triangle lmfao Bao really wants to plaz with us here. both ways outcomes are still validCatatan
bao is squeezing the shorts, overbought at the moment but if we could find support above 0,001 that would be bullish imhoCatatan
insane push from bao currently at resistance but if we some sideways action here i think were in for some more upside
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