TheDicDoc

3 day may signal 40 - 60% flash for Bitcoin

Short
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The 3 day chart of bitcoin on heikin ashi has recently deviated from the bull trend and OPENED below the LSMA 50.
on the 3 day chart, the LSMA 50 is extremely consistent for both bull runs and selloffs, i have reason to believe that bitcoin may dump 40-60% from current levels

this is us in 2021 as of march 25th
this is 2018 at the beginning of the bear market
november 2018
if Bitcoin can somehow reverse this 3 day trend this fast, it would be a first in bitcoin history
i see 40k as a minimum target
Comment: I was little a bit off, but we did eventually crash by 55%. lol
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.