Bitcoin is going down hard and fast
❗️❗️Attention Please: New downtrend started , do not attemp to rekt yourself by longing
🔻BTC/3H,So After we exited our rising broadening wedge we came down to the light yellow line which its left side is the TOP of the left shoulder
Three possibilities :
First(Number 1 on chart):A pennant forming here ( two white lines ) and after that another leg down around ~20506 then bounces back and retest the top of the light (yellow line) and consolidate there untill next wick
Second(Number 2 on chart):consolidation here following a retest towards the dotted yellow line and then slam it down below 20K today .
Third(Number 3 on chart): its gonna crawl up today and grab liquidation cluster untill 23K and consolidate there.
The orange rectangles showing when Bears started to take control of market.On daily u can clearly see bears are just entering the party and bigger RED candles yet to come
There is also a head and shoulder in play that you can check from the related idea
🔻BTC/3H,So After we exited our rising broadening wedge we came down to the light yellow line which its left side is the TOP of the left shoulder
Three possibilities :
First(Number 1 on chart):A pennant forming here ( two white lines ) and after that another leg down around ~20506 then bounces back and retest the top of the light (yellow line) and consolidate there untill next wick
Second(Number 2 on chart):consolidation here following a retest towards the dotted yellow line and then slam it down below 20K today .
Third(Number 3 on chart): its gonna crawl up today and grab liquidation cluster untill 23K and consolidate there.
The orange rectangles showing when Bears started to take control of market.On daily u can clearly see bears are just entering the party and bigger RED candles yet to come
There is also a head and shoulder in play that you can check from the related idea
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