OK maybe that was a clickbait title but the similarities are eerie.
I expect
BTC to will bullishly break the descending triangle within the next 2 weeks and start a downward trend that will ultimately end in -40% to -50% from here. The trend may last 1-2 months. I have buy orders at 
14K, $11K and $9K. Here are a few other interesting things
TECHNICAL FACTORS
- The daily BBWP has been striking 0 for 8 days in a row
- Monthly and Weekly Hash Ribbon looks like a carbon copy of the 2018 50% dump
- Monthly and Weekly MACD looks like a carbon copy of the 2018 50% dump
MACRO FACTORS
- Earnings season starts this week
- The fight for Kherson city center starts this week
- US home prices MoM lower 3 months in a row
- US unemployment rate may have made a double bottom
I expect
BTC to will bullishly break the descending triangle within the next 2 weeks and start a downward trend that will ultimately end in -40% to -50% from here. The trend may last 1-2 months. I have buy orders at 14K, $11K and $9K. Here are a few other interesting thingsTECHNICAL FACTORS
- The daily BBWP has been striking 0 for 8 days in a row
- Monthly and Weekly Hash Ribbon looks like a carbon copy of the 2018 50% dump
- Monthly and Weekly MACD looks like a carbon copy of the 2018 50% dump
MACRO FACTORS
- Earnings season starts this week
- The fight for Kherson city center starts this week
- US home prices MoM lower 3 months in a row
- US unemployment rate may have made a double bottom
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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.