BTC Wall Street Cheat Sheet - Completely for fun
Updated
I'm a Bitcoin bull but I decided to take a look at the bear side and see if I could apply the Wall Street Cheat sheet to Bitcoin.
It's hard to fit it but if the bears want to make the case that the top is in, this is one extreme scenario. It won't be popular.
Do not get excited or mad at the chart. I put it together in a short amount of time as a fun chart.
It's hard to fit it but if the bears want to make the case that the top is in, this is one extreme scenario. It won't be popular.
Do not get excited or mad at the chart. I put it together in a short amount of time as a fun chart.
Note
Missing right shoulder. False neckline breakdown in my opinion.Note
As of today, price has hung in the anxiety zone, with just a slight dip into denial. Now the anxiety zone seems to be building a bear flag which would send it through denial and into panic mode.
Note
We've gone into denial zone. This area needs to hold or people will panic at BTC sub 12k.Note
How long does denial hold until people go into panic mode?Note
We are in the denial zone. Will this hold or do we see panic next?
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.