Published January 5 2020
Chart published on Trading View.
Everytime I publish a chart, it’s almost as if the crypto Gods be speakin’ to me.
While Papa Bear did get side-tracked by its attraction to a pot of gold (over the diamond it was sitting on), it seems to not have gotten far from the yellow brick road.
Its recent attempts at two ascents to get to the gold has been fruitless so far, each time getting knocked back down by the resistance created by its fat little belly.
You see, Papa Bear is trying to retrace its steps to a much-loved previous destination at the top of the hill, for it had an amazing view of the moon. For now though, it seems it may have been too greedy on its previous journey, consuming too much honey on its rise to the top. Each time it has hit the toughest part of this hill (a steep climb), it slides back down. And each time it makes a failed attempt, it loses precious energy.
It may just need to shed some extra weight to gain enough momentum for a slow and steady climb back up again. Patience is key. We all know how easy it to gain weight and how hard it is to lose it.
It needs to be careful though if it heads downhill to regain strength. It’s now on a gravel path and it gets more slippery each time it slides back down.
Hold steady Papa Bear!
Update 5 January 2020
P.S.: Thanking Huobi Global for considering my Diamond analysis interesting enough to include on their Twitter timeline. Cheers!
The target(s) and/or pattern(s) on this chart is only theory and not a trade signal of any kind. Always do your own research before trading.
Past performance isn’t an indicator of future performance.