Seems my previous warn about upcoming downtrend is coming true.
The only mistake is that dip was delayed a bit, than I have expected. (Posted about it on my telegram channel)
Before starting would like to clarify several points on my TA:
Two red lines are upper borders of local and global downtrend channels.
Green line is a lower border of local .
Yellow line is a level which was appeared on D1 TF by EMA200 and held rising of BTC .
So, what we have for now:
1. BTC broke through the upper border global , but couldnt consolidate there and fell down back to inside of the global .
2. Then BTC broke through the lower border of local and created new local .
3. Today BTC tried to break through the upper border of local , but with no chance and now its going down.
And for now I dont see any strong support levels before 8200$. Maybe 9000$ can reflect BTC up, but it will only delay the further falling.
Also there is some small chance that BTC can rise till 10000$ one more time.
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