If BTC repeats itself from the last time the ema ribbon on the 4hr couldn't flip bullish, we can expect a deeper cut. This price target would also coincide with the head and shoulders pattern I posted about in Decemberhttps://www.tradingview.com/chart/BTCUSD/lKDGGrtS-BTC-Scary-Scenario-Last-chance-for-the-bulls/ I closed my long positions as candles closed below the ribbon, luckily before things got ugly https://www.tradingview.com/x/vnYelSsuhttps://www.tradingview.com/x/sPW1Xege/ Zooming out, this looks like the last chance for the bulls before things get worse https://www.tradingview.com/x/6EtXCgRM/
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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.