BTC bearish retest of channel
I'm watching BTC on 7 different charts from various exchanges and I think I've drawn and redrawn this channel differently at least 2 dozen times on each of them.
I'm leaning bearish both on low and medium time frames *at least*, and I expect us to test high 5ks, even (much) lower if the HTF support breaks. I say this against halving logic, for various reasons, but chiefly because I expect fuckery in traditional markets as well - the DCB seems to have lost strength and the markets seem prime for reversal and downward continuation.
How long can the printer going BRRRRRRrrRrRrRRrrRRRR can distract people from the *burning elephant in the room*?
In any case I would much appreciate opinions!
I'm leaning bearish both on low and medium time frames *at least*, and I expect us to test high 5ks, even (much) lower if the HTF support breaks. I say this against halving logic, for various reasons, but chiefly because I expect fuckery in traditional markets as well - the DCB seems to have lost strength and the markets seem prime for reversal and downward continuation.
How long can the printer going BRRRRRRrrRrRrRRrrRRRR can distract people from the *burning elephant in the room*?
In any case I would much appreciate opinions!
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.