Breaking daily 200ema at 8700 was a turning point where i had my stop loss which was 1st sign supporting my alternative view for B correction wave instead of a new bull run that i like to share today.
B wave top was in the form of H&S as well as reversal descending triangle, where RSI had printed bearish divergence.
BTC in the past days has formed a bear flag where i shorted last 8300 peak targeting 6200 and that was 2nd sign after flag brokedown.
Long term bear market since 19k ATH that could take longer than 3 years in my opinion in the form of ABCDE correction .. Beaware that 2k could be the final bottom!
B wave top was in the form of H&S as well as reversal descending triangle, where RSI had printed bearish divergence.
BTC in the past days has formed a bear flag where i shorted last 8300 peak targeting 6200 and that was 2nd sign after flag brokedown.
Long term bear market since 19k ATH that could take longer than 3 years in my opinion in the form of ABCDE correction .. Beaware that 2k could be the final bottom!
Comment:
BTC: Falling Wedge OR Descending Triangle?
My primary bullish view could still playing - I think we got falling wedge breakout with volume .. next daily candles will confirm which direction btc will take
