Bitcoin Situation From technical Point of view! Bearish signs.
1) First We should consider the trendline test.
2) Ichimoku cloud is bearish
3) Bearish flag breakout happened. Target according to its pole is around 4k.
4) Rsi moved below 50.
5) TTM Squeeze turned bearish.
All strong bearish signs indicating the fifth wave to end at 4k region. Will take atleast month to reach there.
Its not a financial advice.
Do your own research.
2) Ichimoku cloud is bearish
3) Bearish flag breakout happened. Target according to its pole is around 4k.
4) Rsi moved below 50.
5) TTM Squeeze turned bearish.
All strong bearish signs indicating the fifth wave to end at 4k region. Will take atleast month to reach there.
Its not a financial advice.
Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.