BTC on the verge - three black crows!

By MarkusJanssen

Updated

Slightly bearish sentiment after the failed breakout attempt, followed by three black crows on the daily -> possible short-term bear market ahead. Upon breakdown short to ~6.6k, further down at ~4.4k. Upon breakout long to ~12k. S&Rs and more info is in the chart.

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Attacking the downtrend once again. Volume still declining

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Several SMAs converging on the 4h. Could be a pivotal 24h for BTC's direction (short-term).

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Prob. bear flag forming on 30 min. DCA buy from 7k - 6.4k. Reevaluate situation after bounce.

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Falling wedge and a bullish divergence on the 4h

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