The bear scenario is becoming all too real. Lets see how this plays out. If they go to dumpsterville, the are going to dumpsterville.
- BTFD
Not financial advice. haha. At all.
This chart is setup using an inverse HVF. At this current moment it is sitting really pretty at the Downside Target 1.
I do expect BTC to rally back up for a proper retracement, possibly back up to the $8k area. I might then consider a possibility to then enter a short position once this has taken place see it break out of the funnel to the downside again....