>>61088149
to me, big red candles on the monthly chart, especially with these wicks, and bearish divergence, means theres more downside to come.
look at april 2024, big red candle, rsi overbought, more downside.
december 2024, big red candle, rsi bearish divergence, there was another pump and liquidity grab above the highs but ultimately more downside.
august 2025, big red candle, more bearish divergence, they fake pumped it, another false breakout, and now the huge rug pull, i have to expect more downside, at least 90k, to me thats the rational conclusion.
sure, thats bitcoin and you can make an argument that bitcoin will go down and xrp will take over. but to me thats irrational and im not buying until i see a sign of a big pump coming. i mean the xrp chart doesnt look great either.
and also nasdaq and s&p look like they arent done rug pulling yet so when the stock market opens on monday i have to expect more downside and if nasdaq and s&p dump i have to expect crypto will dump too.