Outlook for BTC continues bearish as current failure to break downtrend resistance at $8,4k has potential to put BTC into another bear pennant . Indicators looking bearish on all timezones from 1hr to 4hr and sell pressure continues to build. At this point the best outcome for price action is that a bounce and reversal is found in the A box, which would cause an inverse head and shoulders with potential for trend reversal. A bounce at B, could be considered double bottom reversal and the bulls will appear again. C, would be the most troubling result an could create bastard bear flag so for the love of god if you're buying the dip tell everyone to do it at A!
Alternative possibility of Adam & Eve double bottom at C, next few days will show BTC future through March
Alternative possibility of Adam & Eve double bottom at C, next few days will show BTC future through March