We're at a crucial spot on the daily. We've rejected numerous times from the 50% retracement of ~68k-~27k, a crucial level to confirm the double top. Some people think a 30k drop is a correction in bitcoin. In reality that is just a little noise compaired to the 90% 5th wave corrections we've seen in the past, you must view bitcoin logarithmically, and the real correction will be much greater, probably to 10k maybe in extreme events, 1k...
4hour:
2hour:
This is not financial advice.
4hour:
2hour:
This is not financial advice.
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Just as soon as it was looking like a bullish breakout, rejected.
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Note
Need the follow through for a bullish breakout; on the verge of a bearish breakdown again.
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Inflection fake out and now breakdown:Note
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Update, price tried to breakout but was rejected (perhaps manipulated?) and is back in breakdown territory. Seems to be surpressed. I expect some fireworks soon.Note
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Mikhiavelli Knows!Note
It was only a matter of time.
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This ride isn't over yet.
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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.