The Bearish Candle Gives It Away

20 בפבר׳ 2022

We just looked at Bitcoin monthly and how the month went from GREEN to RED.

We are now looking at the weekly chart, the bearish candles gives it away.

Last week we had a bearish close right after hitting as resistance EMA10.

This week there was another try at the same resistance and another rejection took place.

The weekly closes in a few hours...
Rate hikes...
War...
Covid...

The correction is almost coming to an end.

A final drop can happen fast but a recovery can take years to fully manifest.

Thank you for reading.

Namaste.