BTC rejection (weekly red candle close)
Updated
BTC has stayed below the previous support for two weeks. It’s only a matter of time before a drop further to the downside. I’m not a financial advisor, but you must keep in mind 3 factors that confirm more bleeding for BTC.
1. Downward Trend (Heiken Ashi multiple weekly red candle closes)
2. No support (broken support).
3. BTC has always corrected 80% from its ATH. Right now, BTC is only at 44% from its previous ATH.
1. Downward Trend (Heiken Ashi multiple weekly red candle closes)
2. No support (broken support).
3. BTC has always corrected 80% from its ATH. Right now, BTC is only at 44% from its previous ATH.
Note
Edit: BTC has always had a correction of 75%-80% (ATH CLOSE) and now BTC is currently down to 69% from its previous closing ATH, couple days after I posted this. I know what I'm saying. We're in the denial phase of the Market Psychology Phase, so if you're a moonboi, you'll end up getting wrekt pretty soon.
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