BTC sinking ship theory. Bear flag 3 month . Divergence @7k
Not financial advice
Weekly displaying a breakdown.
The retest of the triangle from 17700 happened and the loss from 25k to 17700 gives us target around 10k.
Fisher on 3 month be looking at -1.9 area for entry. Completely sloping down.
Weekly bullish divergence but when you switch it to monthly and beyond we below the trendline for bullish divergence.
Everyone and their mother charting BTC
But some alarming signs ahead when you look at longer time-frames.
I'm targeting the 5-11k area between March-June 2023 and possibly 1500 range as time goes
Yearly engulfing bearish candle
Fed wars and general consensus of market is rough
Been waiting patiently for these prices everyone wants 10k
Prolly be higher for now to get one final 69% push before the tank down.
Bear flag in theory should have same move down and area where started.
But who knows.
Weekly displaying a breakdown.
The retest of the triangle from 17700 happened and the loss from 25k to 17700 gives us target around 10k.
Fisher on 3 month be looking at -1.9 area for entry. Completely sloping down.
Weekly bullish divergence but when you switch it to monthly and beyond we below the trendline for bullish divergence.
Everyone and their mother charting BTC
But some alarming signs ahead when you look at longer time-frames.
I'm targeting the 5-11k area between March-June 2023 and possibly 1500 range as time goes
Yearly engulfing bearish candle
Fed wars and general consensus of market is rough
Been waiting patiently for these prices everyone wants 10k
Prolly be higher for now to get one final 69% push before the tank down.
Bear flag in theory should have same move down and area where started.
But who knows.
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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.
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.