I just casually opened Pepe's weekly chart. What catches the eye is a head and shoulders top. It means that from the market perspective, it needs to pull back. What if it breaks through? We need to break through directly to 0.00002 dollars. and retrace by 0.000016 dollars without breaking below, Only then can we see the opportunity for further increases behind. Otherwise, it is currently a distribution zone. Having talked about a specific case, let's now discuss more general things. The big pancake has currently formed a double top structure similar to the last round. I also posted a picture in the last update. The meaning of that picture is severely bearish. This "seriously bearish" is not my subjective guess or anything. It is merely the result displayed by the chart, nothing more. If it weren't for the off-exchange ETF, actually Bitcoin retraced last time, It should drop to the position of 72,000 dollars. The rebound also stopped around 95,000 dollars. As of now, a double top structure has been directly copied. It also drove the KDJ and RSI to replicate the structure of the previous round. So the question is, will it be like last time, Did it just reach the top and then drop? Oh right, there is also a weekly top divergence. It can be said that the on-site data, apart from the volume, Almost every aspect shows bearish signs. Next, let's talk about counterfeit. The current position of Ethereum, In fact, it is already in a bearish market phase. From the perspective of a bear market, this is just a rebound and a rise. It is not the market starting. Let's talk about other clones. I want to ask again: Who has seen during the so-called bull market phase, Is the market for counterfeit products generally reaching a new low? So my judgment on the imitation is, It is highly likely that the price of the altcoin will hit a new low this year. is already the bottom of a new round of bear market. So if you still hold onto altcoins, And it has already survived that new low. I think you should be congratulated, Perhaps you have already endured the bottom position of the new round of bear market. What you need to face next is, It is very likely that it is a secondary confirmation. In other words, with the new high of Bitcoin in this market trend, The altcoins that have risen will all fall back. Finally, I think there are some meme coins, Will be very solid and have strong momentum.
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ChangeCar,ChangeCar
· 05-26 22:53
Hello, the so-called big brother, have you said anything right in the past two years? It's all nonsense, or you're just pushing garbage coins to fam. How can you still be so shameless? Be a decent person.
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GettingRichDependsOn
· 05-23 23:09
Who is as stubborn as me? I entered ai16z at the peak yesterday, boss, I want to Cut Loss.
The more I can say, the more I will.
I just casually opened Pepe's weekly chart.
What catches the eye is a head and shoulders top.
It means that from the market perspective, it needs to pull back.
What if it breaks through?
We need to break through directly to 0.00002 dollars.
and retrace by 0.000016 dollars without breaking below,
Only then can we see the opportunity for further increases behind.
Otherwise, it is currently a distribution zone.
Having talked about a specific case, let's now discuss more general things.
The big pancake has currently formed a double top structure similar to the last round.
I also posted a picture in the last update.
The meaning of that picture is severely bearish.
This "seriously bearish" is not my subjective guess or anything.
It is merely the result displayed by the chart, nothing more.
If it weren't for the off-exchange ETF, actually Bitcoin retraced last time,
It should drop to the position of 72,000 dollars.
The rebound also stopped around 95,000 dollars.
As of now, a double top structure has been directly copied.
It also drove the KDJ and RSI to replicate the structure of the previous round.
So the question is, will it be like last time,
Did it just reach the top and then drop?
Oh right, there is also a weekly top divergence.
It can be said that the on-site data, apart from the volume,
Almost every aspect shows bearish signs.
Next, let's talk about counterfeit.
The current position of Ethereum,
In fact, it is already in a bearish market phase.
From the perspective of a bear market, this is just a rebound and a rise.
It is not the market starting.
Let's talk about other clones.
I want to ask again: Who has seen during the so-called bull market phase,
Is the market for counterfeit products generally reaching a new low?
So my judgment on the imitation is,
It is highly likely that the price of the altcoin will hit a new low this year.
is already the bottom of a new round of bear market.
So if you still hold onto altcoins,
And it has already survived that new low.
I think you should be congratulated,
Perhaps you have already endured the bottom position of the new round of bear market.
What you need to face next is,
It is very likely that it is a secondary confirmation.
In other words, with the new high of Bitcoin in this market trend,
The altcoins that have risen will all fall back.
Finally, I think there are some meme coins,
Will be very solid and have strong momentum.