BitcoinShort
Bitcoin bubble FINALLY POPPING!
Hello ladies and gentlemen, boys and girls, lets take a look at BTCUSD. As you can see the long term down trend and the long term uptrends are meeting each other and we are at a VERY NB crossroads, we can see a bear flag forming on the weekly and daily charts, if we break down from here, there could be a lot more bloodshed with hopefully a final target based on a bear flag of 5k, however we have major support at 6k and may see things slow down a bit.
if we do not break down then we could see a temporary reversal over the long term down trend however this is unlikely. our targets are then 9500 fib line and 10k psychological resistance with a 2nd target of 12k
if you found my analysis informative or educational, please like follow and share, if not keep it to yourself its rude to gossip.
Cryptodad out!
BTCUSD. As you can see the long term down trend and the long term uptrends are meeting each other and we are at a VERY NB crossroads, we can see a bear flag forming on the weekly and daily charts, if we break down from here, there could be a lot more bloodshed with hopefully a final target based on a bear flag of 5k, however we have major support at 6k and may see things slow down a bit.if we do not break down then we could see a temporary reversal over the long term down trend however this is unlikely. our targets are then 9500 fib line and 10k psychological resistance with a 2nd target of 12k
if you found my analysis informative or educational, please like follow and share, if not keep it to yourself its rude to gossip.
Cryptodad out!
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