Bitcoin continues to sit at the top of the descending channel, indicating further declines over the coming months based on historical ATH market top formations.
Still a chance for a sustained bull run with Equities but history points to a collapse with added downward pressure on ALTs.
No trade until the trend is clear - Best of luck to the bulls but bears might break ALT supports and send the market down over the next few weeks.
Best, Hard Forky
Bottom of Channel and $30k Target
Middle of Channel and $30k Target
Top of Channel with $30 Target reached
Still a chance for a sustained bull run with Equities but history points to a collapse with added downward pressure on ALTs.
No trade until the trend is clear - Best of luck to the bulls but bears might break ALT supports and send the market down over the next few weeks.
Best, Hard Forky
Bottom of Channel and $30k Target
Middle of Channel and $30k Target
Top of Channel with $30 Target reached
Comment:
break from trend but forming a reversal candle on the weekly
Comment:
