I called this a few weeks back. Bitcoin is bearish then, and will probably be for the next few months. We have broken multiple important support zones, particularly the 41-42k zone, which, for some the coin was supposedly meant to rebound from there. Make no mistake, those who learn Fibonacci Sequences, as well as Gann, they'd be right to think that.
But here we are now, hovering around the last wall of defence. If this wall should crumble, expect 27k. Personal opinion, I think it will fall to 21k.
Look at the MACD on the monthly chart. This thing will crash beyond your wildest dreams.
Adam and Eve pattern, cross on the MACD, multiple bearish divergences on the weekly charts. What else do you need?
Load up your shorts, it's going to be one hell of a ride.
I've said this before and I'll say it again,
BTC will crash.
Stop smoking that HOPIUM!
But here we are now, hovering around the last wall of defence. If this wall should crumble, expect 27k. Personal opinion, I think it will fall to 21k.
Look at the MACD on the monthly chart. This thing will crash beyond your wildest dreams.
Load up your shorts, it's going to be one hell of a ride.
I've said this before and I'll say it again,
BTC will crash.
Stop smoking that HOPIUM!