Schiff downtrend pitchfork still at play!
Bigger probability for BTC to go down much further after touching the top of this pitchfork again!
44K might be a reasonable target by the end of this weekend.
Bigger probability for BTC to go down much further after touching the top of this pitchfork again!
44K might be a reasonable target by the end of this weekend.
Comment:
BTC doubled down, to 39.6K and closed on 40.7K
These 3 big red candles are showing us the current true trend of the market.
since BTC did double down, will require to plot a fresh short term pitchfork.
These 3 big red candles are showing us the current true trend of the market.
since BTC did double down, will require to plot a fresh short term pitchfork.
Such big sell off, one should assume a rather weak bounce up.
This downtrend can double down!
I am currently turning my gaze towards 37.5-40.5K region looking for some supports there.