Short

Bearish scenario after halving

Updated

We have approached the trend line that intersects the peaks of 2019 and 2020. So far we have only created another lower high. If we overcome 10500 USD and especially the blue trend line that intersects the peaks of 2017 and 2019, then we can talk about a bull run.

NVT indicator tests the trend line

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We are just below the downtrend line from 2019 - 2020 in purple
There is already a bearish divergence on the 4h chart

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The rising trend line was broken. We'll see if it lasts level 8000. There is a bottom line of the rising channel, WMA 21, DMA 200, DMA 100

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Preparing for the big fall?

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BTC tests the bottom line of the uptrend channel.

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BTC broke the bottom line of the uptrend channel. 4h MA 200 was also broken.

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BTC tests the bottom line of the uptrend channel from below

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BTC is trying to get back into the uptrend channel

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Completion of Wave II or To the moon?
So far, the BTC has not exceeded the Invalidation level, we have a bearish divergence on the Daily and look at the low Daily volumes. This may be the biggest trap in the history of BTC. Fear & Greed Index = 56 (Greed)

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Fox666

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