On 7 Jan 2022, I posted that BTC could be down around 30K by the end of Jan. This prediction is still in play.
Several bearish things have just occurred:
• Diagonal support broken on daily
• Hash ribbon level (~37.3K) broken on daily
• Neckline, either way you look at it, broken on daily
• .786 fib level broken on daily
However, on the daily, BTC is still (barely) hanging within the falling wedge . Also, RSI is down around 20 indicating BTC is oversold.
Several bearish things have just occurred:
• Diagonal support broken on daily
• Hash ribbon level (~37.3K) broken on daily
• Neckline, either way you look at it, broken on daily
• .786 fib level broken on daily
However, on the daily, BTC is still (barely) hanging within the falling wedge . Also, RSI is down around 20 indicating BTC is oversold.
Note
As I wrote earlier, there is a second green bar on the CMWVF indicator:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.