Hi all,
On a weekly timeframe, bigger picture is matching a double top distribution which we have seen on the smaller timeframe recently.
Not much to say really. This schematic suggests a mark down below 28.754 towars 24-27k and further after a weak bounce. It could vey well end up at 19.302 (70% correction) which looks impossible today. but remember Bitcoin was just $3.880 on March 2020.
I don't want to be overly bearish, but this is what the schematics suggest.
Markets are waiting for FED meeting on December 14-15 and this could trigger the real mark down of the mega structure as i've laid out here.
Not loosing money, is making money in this market, so stay safe and use a stop loss.
On a weekly timeframe, bigger picture is matching a double top distribution which we have seen on the smaller timeframe recently.
Not much to say really. This schematic suggests a mark down below 28.754 towars 24-27k and further after a weak bounce. It could vey well end up at 19.302 (70% correction) which looks impossible today. but remember Bitcoin was just $3.880 on March 2020.
I don't want to be overly bearish, but this is what the schematics suggest.
Markets are waiting for FED meeting on December 14-15 and this could trigger the real mark down of the mega structure as i've laid out here.
Not loosing money, is making money in this market, so stay safe and use a stop loss.
