Grim outlook for BTC
I really don't think 14k to 12k is out of the question.
Looking at horizontal support, silver cross to the down side golden pocket and fixed range from previous macro low and high, you have to at least entertain the idea we could head into these price levels.
Hash ribbons giving a capitulation signal.
Also happens to be around an 80% retracement, which is inline with previous bear markets.
If you ask me, I think it's a great accumulation range I'd love to take long position from .
Looking at horizontal support, silver cross to the down side golden pocket and fixed range from previous macro low and high, you have to at least entertain the idea we could head into these price levels.
Hash ribbons giving a capitulation signal.
Also happens to be around an 80% retracement, which is inline with previous bear markets.
If you ask me, I think it's a great accumulation range I'd love to take long position from .
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