what_a_nice_cereal_box

what_a_nice_cereal_box

If BTC can break the 4hr downtrend in RSI then it can start to reverse this bearish movement. It’ll be a lot of work though because we are still seeing small ema crossing large ema on the daily and we are still seeing relatively low volume. There is a good chance we reject and see lower lows.

what_a_nice_cereal_box

The descent was rough and made up of several knife attacks but we can see a rough falling wedge, actually two nested wedges, in BTC’s fall from glory. And now that it’s resumed normal oscillation between the wedge, I want to think it’ll break upward as 88% of most falling wedges tend to do. There obviously could be another attack by market manipulators that takes...

what_a_nice_cereal_box

I don't really think this will happen but one can hope right?

what_a_nice_cereal_box

We’re looking at a somewhat warped head and shoulder pattern and following this Musk/Binance flash crash, BTC will need to rebound to break this yellow trend line otherwise it risks simply bouncing down to lower lows, probably $45k maybe even to the next major support below that if it’s bad enough.