Critical test at 6000 USD, Will determine Bear or Sideways.
I've expanded my TA a bit further from before.
Looking at BTCUSDSHORTS it's not quite at the high that we need for a short squeeze, so it will continue down to the target zone (circle).
This bounce will determine a Bear or Sideways market.
The blue support line inside the target circle if it holds up we should go into a sideways market (my guess)
If it leaves the target circle on the bottom, expect bad news.
Careful this downturn.
Looking at BTCUSDSHORTS it's not quite at the high that we need for a short squeeze, so it will continue down to the target zone (circle).
This bounce will determine a Bear or Sideways market.
The blue support line inside the target circle if it holds up we should go into a sideways market (my guess)
If it leaves the target circle on the bottom, expect bad news.
Careful this downturn.
Comment:
I still think it will hit the target, but now I am definitely expecting the near end of the bear market.
Comment:
If this hits target and bounces, It will be the end of the bear market.
