BTC could end up crashing tomorrow
hello everyone,
tomorrow we will see CPI numbers released which would impact the price of bitcoin and the stock market. here's why:
as we can see on the chart we are still in a downtrend with a consolidation phase. last time we had a pull back, consolidation, and pull back was early april and ended early may.:
we can also see on both charts that price is near 'crash rings', looking at previous price movements, price has dropped every time we crossed these rings or consolidated near them.
we have seen a pull back after we touched the ring so i see no reason why bitcoin shouldn't crash tomorrow
.
stock market:
looking at price we can see that price is forming what we called.... a bart simpson pattern... with bitcoin looking bearish i do think markets will also end up crashing/sliding to the down side tomorrow.
on this chart we can see that price has respectfully rejected off these support rings, i think we will come down to touch those rings before we end up going back up.
tomorrow we will see CPI numbers released which would impact the price of bitcoin and the stock market. here's why:
as we can see on the chart we are still in a downtrend with a consolidation phase. last time we had a pull back, consolidation, and pull back was early april and ended early may.:
we can also see on both charts that price is near 'crash rings', looking at previous price movements, price has dropped every time we crossed these rings or consolidated near them.
we have seen a pull back after we touched the ring so i see no reason why bitcoin shouldn't crash tomorrow
.
stock market:
looking at price we can see that price is forming what we called.... a bart simpson pattern... with bitcoin looking bearish i do think markets will also end up crashing/sliding to the down side tomorrow.
on this chart we can see that price has respectfully rejected off these support rings, i think we will come down to touch those rings before we end up going back up.
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