BITCOIN Strongest sell signal since 2021! This time's different?

Those who follow our channel for long, know that we like to look into Bitcoin (BTCUSD) on many different time-frames for a more all-around perspective. The 3D time-frame is one of the most accurate for long-term price projections and this time is no different as since last week its MACD formed a Bearish Cross.

As you see, since March 2021 we've had this formation another four times, all of which delivered a new Low. The September 16 2021 Cross was limited to 'only' a -18% drop but the other three delivered enormous -50%, -52% and -57% drops. A 'standard' (according to this model) -50% drop from today's Bearish Cross' candle would push the price down to a little below the $10000 barrier, a huge psychological level undoubtedly. Add to the mix that BTC got rejected on its 3D MA50 (blue trend-line) same it did in late March/ early April 2022 before the last MACD Bearish Cross and the -57% drop.

Now, what's different this time? The only parameter that differs is that in the past four events, the build-up to the Bearish Crosses was a Channel Up. This time it was a Channel Down. How important can that be and whether it can cause the opposite outcome (a rise), it remains to be seen. A good indication that this time it might be different would be if the price breaks above the Channel Down, thus the 3D MA50 (currently at 20386) as well.

What do you think? Are we about to see Bitcoin at $10k in the next 2 months or does the Channel Down signal the end of this bearish model? Feel free to let me know in the comments section below!




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