From a wave standpoint price is mirroring early stages of a crash vs bitcoin circa 2018
Price technicals:
Possibly a leading diagonal of the bearish impulse forming.
Probable bounce back to 4100 before capitulation or accelerated selling to new lows'
Wait for the bounce and short the ponzi
Price technicals:
Possibly a leading diagonal of the bearish impulse forming.
Probable bounce back to 4100 before capitulation or accelerated selling to new lows'
Wait for the bounce and short the ponzi
Note
Minute update . Price pumped on FOMC statement but you know what they say buy the rumor sell the news. That 50 bps rate hike not gonna save this bearish market structure imo
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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.