A rare situation.
We can see BTC going on an uptrend
Forming new HHs since Oct 2020
Recently a visible break in the uptrend was noticed
And a LL was formed while BTC failed to form a HH by creating a LH at 58k. This fact alone signifies that BTC might be starting to move in a downtrend and might be creating new LL and LH in nearest time to come. If this fact comes to play I see BTC holding a major support at 24k and 19k respectively. In times to come.This might be the beginning of a bear market TRADE CAREFULLY.
We can see BTC going on an uptrend
Forming new HHs since Oct 2020
Recently a visible break in the uptrend was noticed
And a LL was formed while BTC failed to form a HH by creating a LH at 58k. This fact alone signifies that BTC might be starting to move in a downtrend and might be creating new LL and LH in nearest time to come. If this fact comes to play I see BTC holding a major support at 24k and 19k respectively. In times to come.This might be the beginning of a bear market TRADE CAREFULLY.