BEAR MARKET SCENARIO IS IN A BIG PICTURE>>> SOMETIMES IS GOOD TO TAKE THE EYES OUT OF THE 5 MIN CHARTS.
Many people don't use DeMarks TD Sequential. I really respect TD Sequential. Many tops and Bottoms are frequently indicated with this indicator. I suggest you to study DeMark's Indicator.. The Best Workshop I did on TD Sequential was provided by Tone Vays. Again, use more than on indicator on your analysis, like i learned with Nick Core: Confirmation,...
BOUNCE TO TAKE LIQUIDITY ABOVE TO CONTINUE THE DOWN TREND IMO is the way to go, depends WHEN the BULLS will take control(?) CAPITULATION of the CRYPTO still yet to come? We WILL SEE BTC BELLOW 2k ? STILL A LONG WAY TO GO BEFORE THINKING ABOUT THAT! #BUYTHEDIP #BITCOINSTANDARD
If we hit 3150/3200 and bounce back up, we would be forming a descending triangle/ wedge. Targets can be way lower next break down. Lets see whats next?
RSI creates a (a) moving average between the price close with the candle prior with a higher value and another moving average whit closing candles with lower (b) values than prior, after it gives you a percentage (a/b) defining the relationship between those two moving averages. Many people use the term overbought and oversold when values are above 70 and bellow...
Bitcoin Broke down the bear channel we still are in a BEAR MARKET... Next TARGET 3585?