There is bearish signal in short term (2-3 Weeks), and still so strong bullish in long term (end of 2021)
BTC Deposit to Exchanges is also strong bearish signal that needs to be followed.
Possible targets
a) 30.200USDT @Binance Target Point break down of head shoulder formation in navy box
b) 27.600 USDT @Binance level blue Head shoulder – Most likely hood scenario
c) 24.300-22.500 USDT level last place to hold efore 20K level (I do not think that we can fall that level, but still we need to keep in mind)
Based on the volume profiles 24.400 level is a strong support but most likely we will go down to 28-27 k level.
All possible bearish scenario has dependency on” we need to go lower than 34 K level”. Otherwise we can test upper red line…
BTC Deposit to Exchanges is also strong bearish signal that needs to be followed.
Possible targets
a) 30.200USDT @Binance Target Point break down of head shoulder formation in navy box
b) 27.600 USDT @Binance level blue Head shoulder – Most likely hood scenario
c) 24.300-22.500 USDT level last place to hold efore 20K level (I do not think that we can fall that level, but still we need to keep in mind)
Based on the volume profiles 24.400 level is a strong support but most likely we will go down to 28-27 k level.
All possible bearish scenario has dependency on” we need to go lower than 34 K level”. Otherwise we can test upper red line…