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Bitcoin
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A close below $40k is confirming the bear market

181
A monthly close below 40k would mean BTC is going in a bear market that could force a test of the 18k support as a possible next scenario. When comparing BTC to the GBTC chart i`m even more convinced that this cycle is done.
Note
snapshot
Note
snapshot
Trade active
The neckline is broken

snapshot
Trade active
The 200w MA is starting to look more and more like a support area i would be interested in making a trade.
Trade active
GBTC double top on the monthly, neckline broken.

snapshot
Trade active
Downtrend continues as expected
snapshot
Trade closed: target reached
It was in the charts all along:
snapshot
thedutchgopher
BTCUSDChart PatternsTrend Analysis

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.
BTCUSDChart PatternsTrend Analysis
thedutchgopher

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.