This is the only count that makes any sense to me right now for $BTCUSD. Contracting Bear Flag.
Calm before the storm. We'll see where this goes.
If it breaks down:
Short term bear market: low 8k / mid 7k
Could retest 6k Feb lows by May.
Calm before the storm. We'll see where this goes.
If it breaks down:
Short term bear market: low 8k / mid 7k
Could retest 6k Feb lows by May.
Note
Plotted this before I went to sleep last night and woke up to a sell off that was faster and steadier than I would have guessed but still generally along my lines.We have touched my green dotted line ( very nearly 8485 )
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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.