BTC Panic Phase
מעודכן
27,8k was rejected and 27,5k was a strong resistance.
Looks like we going down to 24k... 20k.
An idea about incoming panic phase.
Wouldn't be surprised if we hit 10-12k to be honest.
Don't underestimate the drop power of this market.
Good luck.
Looks like we going down to 24k... 20k.
An idea about incoming panic phase.
Wouldn't be surprised if we hit 10-12k to be honest.
Don't underestimate the drop power of this market.
Good luck.
הערה
Very close to weekly MA200.If we break it down bulls will be quite scared.
הערה
Closer look on the daily chart you can see the MA100 in soft blue.When this MA turns down, historically since birth, BTC drops everytime 15 to 50% .
הערה
Looks like a bear flagהערה
85% drop from the top would be a quite normal % for a BTC bear market.הערה
Bear flag confirmed.הערה
Looks like another bear flag forming very similar to the previous above.הערה
Bear flag updateהערה
We might not go so low as predicted but 26-25k is still a possibility.Ma50 seems to be turning to the upside and pretending to finally cross the MA200 putting an end to the bear market.
הערה
Crucial moment.MACD crossed.
Bearish move.
הערה
Update:
הערה
We broke down the bear flag as predicted.הערה
This TA initial idea of an huge Head and Shoulder starting to take shape.הערה
We are touching the 24k.Getting closer to MA200 daily as expected. It should be around 23,7k .
A strong bounce may happen in this area.
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