Hi everyone,
The previous exhaustion point was too weak to reverse the price
It only formed a short consolidation pattern (Bear Flag) before another drop.
Now BTC has reached the second bearish target (on BITSTAMP)
The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart.
These new exhaustion points should now lead to another consolidation pattern or a needed bounce as price is quite oversold now
Warning Points:
BTC is still in a bearish channel
A touch of the bottom line of the channel is still possible
Best!
MATHR3E
Sequential indicators:
The previous exhaustion point was too weak to reverse the price
It only formed a short consolidation pattern (Bear Flag) before another drop.
Now BTC has reached the second bearish target (on BITSTAMP)
The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart.
These new exhaustion points should now lead to another consolidation pattern or a needed bounce as price is quite oversold now
Warning Points:
BTC is still in a bearish channel
A touch of the bottom line of the channel is still possible
Best!
MATHR3E
Sequential indicators:
- MATHR3E TD Multi Sequential
- MATHR3E TD Setup Trend
- MATHR3E TD Sequential Fibonacci Extension
- MATHR3E TD Aggressive Fibonacci Extension
- MATHR3E TD Combo Fibonacci Extension
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⬛ Access to MATHR3E Indicators 📈🔓:
⬛ patreon.com/MATHR3E/
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⬛ Access to MATHR3E Indicators 📈🔓:
⬛ patreon.com/MATHR3E/
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Related publications
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.
🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
⬛ Access to MATHR3E Indicators 📈🔓:
⬛ patreon.com/MATHR3E/
🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
⬛ Access to MATHR3E Indicators 📈🔓:
⬛ patreon.com/MATHR3E/
🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
Related publications
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.