Are we about to see further downside for BTC??
Is BTC set to pull back further, before we see the next upside installment and possibly to new ATHs?
Since 2015 BTC has only once before (on the weekly TF) printed a DB on the Ehlers at the almost same time of being over-sold on the cluster algorithm - following this BTC pulled back 50% before it printed its next over-bought on the cluster. BTC is once again printing a DB (not yet confirmed) on the Ehlers while in the over-sold area of the Cluster. If we see another 50% drop BTC will pull-back to 20K in line with our previous swing high, before the next leg to the upside.
I am not a qualified technical analyst nor am I a financial advisor, I am simply sharing my ideas to gain a better understanding.
Since 2015 BTC has only once before (on the weekly TF) printed a DB on the Ehlers at the almost same time of being over-sold on the cluster algorithm - following this BTC pulled back 50% before it printed its next over-bought on the cluster. BTC is once again printing a DB (not yet confirmed) on the Ehlers while in the over-sold area of the Cluster. If we see another 50% drop BTC will pull-back to 20K in line with our previous swing high, before the next leg to the upside.
I am not a qualified technical analyst nor am I a financial advisor, I am simply sharing my ideas to gain a better understanding.
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