BTCUSD - Daily Inflection Point, Oh Boy!
Updated
We're at a crucial spot on the daily. We've rejected numerous times from the 50% retracement of ~68k-~27k, a crucial level to confirm the double top. Some people think a 30k drop is a correction in bitcoin. In reality that is just a little noise compaired to the 90% 5th wave corrections we've seen in the past, you must view bitcoin logarithmically, and the real correction will be much greater, probably to 10k maybe in extreme events, 1k...
4hour:
2hour:
This is not financial advice.
4hour:
2hour:
This is not financial advice.
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Just as soon as it was looking like a bullish breakout, rejected.
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Need the follow through for a bullish breakout; on the verge of a bearish breakdown again.
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Inflection fake out and now breakdown:Note
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Update, price tried to breakout but was rejected (perhaps manipulated?) and is back in breakdown territory. Seems to be surpressed. I expect some fireworks soon.Note
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Mikhiavelli Knows!Note
It was only a matter of time.
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This ride isn't over yet.
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