I'm inclined to say that's it for BTC. The reason being that most in the crypto space miss the big picture.
Weath does not disappear, it simply moves.
Just like in December 2017, after BTC reached it's 20k peak, wealth moved back into Tech stocks and NASDAQ which doubled over the last few years while everyone in the crypto space went insane over their...
I want to state very clearly this is NOT a complete pattern therefore it is NOT valid yet. I am creating this new thread to continue the analysis I begun in December, as that thread ran on too long in the comments, every call there was correct and it extends from December to February:
Gravestone Doji spotted last weekly close.
The previous 'morning star' doji did not go well, upon further research it may be because the exact size might not have been as significant in an uptrend. However this gravestone looks clearer.
In terms of targets, I can see us moving down to the 50MA at the very least when viewed on the daily which gives us an...
I've now switched my positional bias to short. I think there's sufficient evidence to make that choice. Moving back to the 200MA would be reasonable.
I'll continue to document my thoughts in the updates.
Following on from my triple bottom reversal analysis, we've seen the pattern morph into a 'descending broadening wedge'.
We saw chop yesterday which a lot of people were putting down to manipulation, however none of the original triple bottom reversal criteria (except perhaps the volume) has been invalidated. We now have additional support in the form of the above.