as i said yesterday after breaking down that giant pennant on 4h chart the crash was coming but are the bulls dead? or just tired. if we look at bitcoin history a crash of about 40% happened fairly regularly in the past bull market and every time we made such a big correction btc raised over 150% after the crash which I cant put the chart here because I'm not a...
we broke the bearish pennant mostly visible on the 4 and 1 h time frames today. and now we are in the making of a possible descending triangle. if we break down we have relatively strong support at 47000 area(triangle target and 20weekly ma). too soon to decide what might happen after that but I'm fairly bearish right now. TD-sequential suggests at least 3 more...
in the next few candles if we reach the low area at about 31000 we are going to take out the 30000 low but if manage to break out of the 36700 area good things will happen oscillators are in good shape for 4h and Td-sequential is on a green count.
