Hi everyone,
The previous exhaustion point was too weak to reverse the price
It only formed a short consolidation pattern (Bear Flag) before another drop.
Now BTC has reached the second bearish target (on BITSTAMP)
The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart.
These new exhaustion points should now lead to another consolidation pattern or a needed bounce as price is quite oversold now
Warning Points:
BTC is still in a bearish channel
A touch of the bottom line of the channel is still possible
Best!
MATHR3E
Sequential indicators:
The previous exhaustion point was too weak to reverse the price
It only formed a short consolidation pattern (Bear Flag) before another drop.
Now BTC has reached the second bearish target (on BITSTAMP)
The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart.
These new exhaustion points should now lead to another consolidation pattern or a needed bounce as price is quite oversold now
Warning Points:
BTC is still in a bearish channel
A touch of the bottom line of the channel is still possible
Best!
MATHR3E
Sequential indicators:
- MATHR3E TD Multi Sequential
- MATHR3E TD Setup Trend
- MATHR3E TD Sequential Fibonacci Extension
- MATHR3E TD Aggressive Fibonacci Extension
- MATHR3E TD Combo Fibonacci Extension
