A technical break down from its macro range will see btc dropping -19%. This will be in conformity to the macro bear flag thats had btc range bound for over a year. As long as btc trades like a risk on asset, the possibility is highly likely. This playing out takes BTC to $28k! Unfortunately the required volume spread to prevent this from happening is not yet expressed on the charts, hence my TITLE.
Trade closed: target reached:
Price action showed us its direction and we followed. Data never lies
Comment:
Seems the downtrend might continue. Bull strength almost broken
Comment:
As anticipated. Demand zone yet to be activated
