updating my previous charts, if bitcoin wont touch $50k
then this is the last relief rally before the real drops
begin, base on 3 halving we can see identical patterns
were distribution is happen, right now were entering the
crucial stage were most of investor and traders will get
confuse if this rally is for bull or a short entry,
but base on historical of bitcoin price it is showing the distribution phase,
lets see if bulls will win or bear will win this price actions.
then this is the last relief rally before the real drops
begin, base on 3 halving we can see identical patterns
were distribution is happen, right now were entering the
crucial stage were most of investor and traders will get
confuse if this rally is for bull or a short entry,
but base on historical of bitcoin price it is showing the distribution phase,
lets see if bulls will win or bear will win this price actions.
Note
daily rejections and monthly price rejections, thats a lower high.Note
39K now possible bounce but it wont go high, over all bearish
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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.