A technical break down from its macro range will see btc dropping -19%. This will be in conformity to the macro bear flag thats had btc range bound for over a year. As long as btc trades like a risk on asset, the possibility is highly likely. This playing out takes BTC to $28k! Unfortunately the required volume spread to prevent this from happening is not yet expressed on the charts, hence my TITLE.
Trade closed: target reached
Price action showed us its direction and we followed. Data never liesNote
Seems the downtrend might continue. Bull strength almost brokenNote
As anticipated. Demand zone yet to be activated
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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.