$CRCLB These past couple of days, what I said last time—that "every high is lower than the previous one"—has come true.
Yesterday in the early hours, I wrote that after bottoming out at 64.55, it climbed to 69.81, then got pushed back down to 68.15 by a bearish candle. I said that every time it rallied, the highs were getting lower.
Later, it spent most of the day grinding between 67 and 68. I thought to myself: it's consolidating; it should be heading up.
But then last night, one huge bearish candle smashed straight through 65, plunging all the way to 63.64 and even breaking below the previous low of 64.55.
Now it's nearly ten on Wednesday night. It's at 65.69, up just 3.2% from 63.64.
Since that spike to 78.00, it's already fallen 15.8%. The bottoms we thought we'd found last week—65.82 and 64.55—are now both behind us.
Every rebound has stalled at a lower point than the last: 78, 74.8, 69.81. Now it can't even hold above 67.
The most gut-wrenching part isn't the drop. It's that every time I say, "It's stable this time," it answers with a bearish candle telling me no.
Did you manage to buy in around 63.6, or are you like me, thinking every time that it's stable now?
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