TradingView
BTC-HONDA
Jun 7, 2022 10:26 AM

BTC bearish to 25k Short

Bitcoin / United States DollarCoinbase

Description

The stock market and crypto are heavily correlated. The stock market doesn't look too hot which means neither does crypt. We look like we've drawn a rising wedge and are going to break down soon to 25k from this declining volume.
Comments
Gunslinger2005
yeah man you cannot just draw it like that. it is clear btc has been ranging for a long tine between 28 and 32... we are near support again. nothing changes until one side breaks
BTC-HONDA
@Gunslinger2005, I am maintaining my bearish bias. The SPY does not look good either and this is textbook pattern analysis. If it breaks up, We can see 38k but I am sticking to my guns to 25k
BTC-HONDA
@Gunslinger2005, The target has been achieved but we can still go lower to 20k before a bigger bounce
brucklink92
@BTC-HONDA @BTC-HONDA men just check ur passed post , it’s amazing … i regret that why u didn’t follow u before . Love it . Keep give us advice .
lekoid
btc is horizontal ranging not like that i think btc will make left shoulder before continuous head to 35k
BTC-HONDA
@lekoid, That would be nice I would prefer this to be invalidated
More