3rd validation point on downtrend from ATH's (lower highs) BTC
Hello traders,
At $29,700 I mentioned a possible triple bottom, why?
We only had 2 validation points on the downtrend from ATH's (which is a weak trend) but if we reject in the next 24 hours and get a 3rd it will strengthen the bearish trend with clear lower highs and eventually retest $30,000 leaving 90% of traders confused and lost.
This will be my last technical analysis until the sell off starts.
Also said that $42,000 - $45,000 was resistance depending when we pumped, but it appears to me we have a little bit of room left to pump but $43,000 won't hold in my perspective if we even get there.
It's also going into a weekend at resistance.
Stay safe.
👍
At $29,700 I mentioned a possible triple bottom, why?
We only had 2 validation points on the downtrend from ATH's (which is a weak trend) but if we reject in the next 24 hours and get a 3rd it will strengthen the bearish trend with clear lower highs and eventually retest $30,000 leaving 90% of traders confused and lost.
This will be my last technical analysis until the sell off starts.
Also said that $42,000 - $45,000 was resistance depending when we pumped, but it appears to me we have a little bit of room left to pump but $43,000 won't hold in my perspective if we even get there.
It's also going into a weekend at resistance.
Stay safe.
👍
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