Bitcoin on the 4H chart shows a formation of a bearish pennant. The current fake bullish rally is about to face exhaustion and will trap long retail traders. This will cause the price to fall further and in the process complete a Bearish Cup and Handle formation. Bitcoin price will tumble to a low of 15,900. Brace yourselves.
Note:
1. A bearish pennant is already in formation.
2. A bearish Cup depicted by the purple line has already been formed the handle is now being formed.
Price to go to an all time low from recent highs. Mandalorians are hunters and this is the way.
Note:
1. A bearish pennant is already in formation.
2. A bearish Cup depicted by the purple line has already been formed the handle is now being formed.
Price to go to an all time low from recent highs. Mandalorians are hunters and this is the way.
評論:
Handle formation completed.