Possible formation H&S, EMA 20 - 50 (DEATH CROSS), POSSIBLE DEATH CROSS EMA 50 - 100, LOW BULLISH MOMENTUM to tendency reversal. Waiting for pattern confirmations.
Possible future movements of btc on bearish market.
A bearish short-term formation could be the beginning of Crypto winter.
Bitcoin broke the pattern, now we have to wait, Bitcoin needs to go over $8,700 to confirm tendency has truly changed.
There's massive buy orders at $7,700 an above, i dont think #btc is going under that lvl. Is too soon to say the dip is over, we're still bearish on the market. Take advantage of the dip, don't go against the tendencies.
Please, be aware, the target is only for long term operations.