BBands tightening indicating a strong move in either direction.
Weekly EMA 8 still holds
bitcoin breaking ATH on An Ascending triangle.
BTC withdrawals from exchange indicating more HODLers.
I'm Bullish.
b/c no stimulus
testing 50MA
RSI bullish
MACD below 0 (Waiting confirmation)
Nasdaq lots of RED bars (need more stimulus)
many equities forming an H&S pattern in Nasdaq
all deflationary (possible Liquidity event)
1. Forming a bearish flag
2. Elliot wave: Price could reach wave C (Fib 0.38%) before dropping down to 8480 (Fib 1.618%)
3. RSI on 2H & 1D chart hidden divergence = Bearish
4. MACD below 0 = Bearish
5. Volume: No confirmation yet
#Macro related could justify the drop:
Although many believe BTC is a non-correlated asset, it is still not immune to a liquidity...
