Hello Bitcoin Watchers 📈
BT has made a bold and bearish pattern in the weekly, and it's a massive head and shoulders pattern:

And for the first time since May 2022, the weekly moving averages has dropped to the lower band, the 200d moving averages:

This is when the heart of the bearish cycle starts, and we can easily see another -30% drop over the next few months.

BTCUSDT
BT has made a bold and bearish pattern in the weekly, and it's a massive head and shoulders pattern:
And for the first time since May 2022, the weekly moving averages has dropped to the lower band, the 200d moving averages:
This is when the heart of the bearish cycle starts, and we can easily see another -30% drop over the next few months.
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softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
