If BTC doesnt hold $45k its gameover for bulls. (I am SHORT)
-M formation top on 4hr chart.
-Strong rejection by daily 200 MA.
-Textbook Bear flag forming, high probability is breaks down.
-Yield curve inverted meaning investors are starting to take risk off the table. Also, historically a recession indicator.
-4hr 200 MA is next target at $42200 short term.
-Strong rejection by daily 200 MA.
-Textbook Bear flag forming, high probability is breaks down.
-Yield curve inverted meaning investors are starting to take risk off the table. Also, historically a recession indicator.
-4hr 200 MA is next target at $42200 short term.
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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.