Bitcoin Jebating The Mega Dump!!Bulls Last Breath
BTC/1H Trying to reach ~24.4
After yesterdays dump to the bottom of the rising broadening wedge (pink line) bitcoin is trying to go higher making a new high ~24.4 where lots of liquidation is.The pink support line is holding bitcoin so inorder to leave 23K there must be a big sell off that breaks through that support
After 24.4 (yellow circle) we could bleed down or cosolidate before NY market open for another leg down.SPX yesterday bled heavily so today it could continue.
Next stop around ~22.7 and if that doesnt hold its ~ 21.6- also expect a capitulation candle if SPX loses 3900.
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After yesterdays dump to the bottom of the rising broadening wedge (pink line) bitcoin is trying to go higher making a new high ~24.4 where lots of liquidation is.The pink support line is holding bitcoin so inorder to leave 23K there must be a big sell off that breaks through that support
After 24.4 (yellow circle) we could bleed down or cosolidate before NY market open for another leg down.SPX yesterday bled heavily so today it could continue.
Next stop around ~22.7 and if that doesnt hold its ~ 21.6- also expect a capitulation candle if SPX loses 3900.
Please Boost,Follow,Comment if you find it informative
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