BTC- Since 2011 every bearish cross resulted in a > 80% drop

10 ביולי 2021

Since 2011 every bearish cross resulted in a > 80% drop to the bottom of the white channel .
The intersection of the Channel and the curved log line marked the bottom of the drop.
History doesn't always repeats but to me this setup looks the same for an 80% move down from the peak.

10 ביולי 2021

הערה

Currently BTC is only down 53% from the peak so there's around 25 to 30% more to go .
Of-course ts not going to be a straight drop and there will be good bull/bear traps along the way to Reckt both longs and shorts .

10 ביולי 2021

הערה

In my opinion the first exciting move should be a bear-trap followed by a sharp bull-trap to the 48/50k area