Things are looking tough for BTC
1. Volume is way down on the daily while RSI is rising.
2. Convergence is under base on Ichimoku.
3. A flag on a down-pole has formed
a. The shorter of the options for the top of the pole drops BTC to near 6K USD.
b. The taller pole option to 5k USD. If you see instead a triangle formation; that is also a valid assessment. The outcome is no different. I think both of these would make a fine double bottom as the wick and the bottom of the candle are the choices. Either way following this swing the next stop is Uranus. Better yet: Orion's Belt ;)
I am just a furry faced asshole on the internet. Seek financial advice elsewhere. I welcome alternate opinions on the TA and direction.
BTCUSD
2. Convergence is under base on Ichimoku.
3. A flag on a down-pole has formed
a. The shorter of the options for the top of the pole drops BTC to near 6K USD.
b. The taller pole option to 5k USD. If you see instead a triangle formation; that is also a valid assessment. The outcome is no different. I think both of these would make a fine double bottom as the wick and the bottom of the candle are the choices. Either way following this swing the next stop is Uranus. Better yet: Orion's Belt ;)
I am just a furry faced asshole on the internet. Seek financial advice elsewhere. I welcome alternate opinions on the TA and direction.
BTCUSD
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