At the moment, a similar 100EMA versus 200EMA pattern has been formed with June 2018 on Daily. When 100EMA broke below 200EMA, the BTC price was at $7700s almost exactly the price that we see today. Given that Longs loaded up, there might be a fake out from the current bear flag with a pump which might go as high as $8800 where we see 0.61 FIB acting as resistance. From there, I expect a big price move downwards to $4500-$4700 (depending on timing) which is likely to be the bottom of this next bear move.
Note that I mostly perform charting based on D, 3D, W price action.
Note that I mostly perform charting based on D, 3D, W price action.