btc Bart brings entire crypto market down w/ it; bearflag forms
Updated
While the chances of an inverted bart up from this bearflag are very possible considering rsi levels at the moment...I'm hoping more that we continue the trend so we can finally get this capitulation candle out of the way and bring this bear market to an end. If capitulation is near I anticipate we will break down from the current bear flag right around the time the 1hr deathcross occurs which should lead to subsequent death crosses on the 2hr, 3hr, and eventually the 4hr charts. I think if we pull off a 4hr death cross thats when we will finally see our capitulation candle....unless of course we already dip down far enough during the other 3 death crosses so that when the 4hr death cross occurs it bounces right back up and does a death cross fakeout right back into a golden cross....however hopefully for us all this is the beginning of capitulation...an inverted bart back up here at this point will only prolong the bear market much longer. I think capitulation will occur at 2.9k at the least but possibly much lower.
Note
if you hit play on the idea here you can see that we just broke down to my exactprice target drop before seeing a slight rebound bounce wick upward.....it is very tempting to ride that wick up and fomo in but ultimately we just created a lower low so the bears have compelte control and I think this will likely lead to more downside...there's a chance we could develop a lower high before that happens but I expect a dead cat bounce and further downside...and hopefully the capitulation candle we've been waiting for.
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