Could just be coincidence rather than algorithm at play, but we got a sharp rejection right at that point. After the inverse head-and-shoulders bullish breakout, this is where my analysis looks suspect—maybe I'm off base here—but the pattern still reads like a textbook ABC distribution to me. The pullback following the initial push higher has all the hallmarks of classic distribution before a deeper retracement. Could this be the setup for the next wave down, or am I misreading the structure? Either way, the rejection at resistance is worth monitoring closely.
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WhaleWatcher
· 3h ago
NGL, this wave of rejection feels a bit off, and I also have some doubts about the ABC distribution... But the resistance level monitoring definitely needs to be watched carefully.
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StableGeniusDegen
· 4h ago
ngl, this rejection looks a bit aggressive, and the ABC distribution vibe is indeed there... but let me ask back, are we really sure this isn't a false breakout?
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MainnetDelayedAgain
· 4h ago
Coincidence or algorithm, it doesn't matter, as we got slapped again at the resistance level. According to the database, how many times has this happened... ABC distribution? The familiar recipe, the familiar taste. How long has it been since the last time we analyzed it this way? I suggest it be recorded in the Guinness World Records.
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MetaverseVagrant
· 4h ago
NGL, this rejection was a bit harsh, but to be honest, I think you might be overthinking it...
Could just be coincidence rather than algorithm at play, but we got a sharp rejection right at that point. After the inverse head-and-shoulders bullish breakout, this is where my analysis looks suspect—maybe I'm off base here—but the pattern still reads like a textbook ABC distribution to me. The pullback following the initial push higher has all the hallmarks of classic distribution before a deeper retracement. Could this be the setup for the next wave down, or am I misreading the structure? Either way, the rejection at resistance is worth monitoring closely.