Pretty self-explanatory.
Truly hard to see this playing out any other way.
If I had to give the second most likely scenario, it would be that the high is in ($5840), and the sell-off starts in the next couple of days. Daily bearish divergence forming on Bitcoin has been no joke during this bear market.
But, what I don't see happening is Bitcoin hitting $6000 level and dumping.
We either 1) blow straight through past $6000, or 2) fall short and don't even get there.
Thoughts?
Truly hard to see this playing out any other way.
If I had to give the second most likely scenario, it would be that the high is in ($5840), and the sell-off starts in the next couple of days. Daily bearish divergence forming on Bitcoin has been no joke during this bear market.
But, what I don't see happening is Bitcoin hitting $6000 level and dumping.
We either 1) blow straight through past $6000, or 2) fall short and don't even get there.
Thoughts?
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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.