Fast submit for tonight. That is onerous to say however I imagine Bitcoin is about to drop. Historical past is exhibiting a transparent repetition of itself inside this chart. Listed below are the technicals:
3. Damaged uptrend + retest: The uptrend has been damaged (implying a brand new pattern forming) and retested, which confirms that the previous pattern is not any extra.
5. We aren’t actually in a bull market till all time highs have been examined and damaged. – This needs to be apparent.
I do know this isn’t the submit you need however it’s the submit you want to a minimum of give some thought to. I made one thing related again when bitcoin was between 50-65k. Look what occurred. Defend your income, make the most of threat administration, and please cease listening to the loopy overly individuals on crypto twitter and youtube. They earn cash while you get liquidated on trades. Discover the excessive quantity of rip-off wicks lately.
As all the time, be affected person, use threat administration, and good luck buying and selling.