This could get very ugly for btc, we are at the top of what could be an beat flag on weekly frames.
Target 6k
We already had a short squeeze/ fake out.. now it is time to go down more again, if btc drops below 45-44 rsi support it could get really nasty!
Also the whole run up brought us to the 0.618-0.65fib for the bears, so this whole bullmarket could just have been a bearish pullback
Also what makes this very bearish is that the bullmarket haven’t created a higher high yet, of course this could still happen but getting less likely to happen every week!
The bulls must break descending line get a close above the 200MA daily frame..
My honest opinion short now while you still can!
Target 6k
We already had a short squeeze/ fake out.. now it is time to go down more again, if btc drops below 45-44 rsi support it could get really nasty!
Also the whole run up brought us to the 0.618-0.65fib for the bears, so this whole bullmarket could just have been a bearish pullback
Also what makes this very bearish is that the bullmarket haven’t created a higher high yet, of course this could still happen but getting less likely to happen every week!
The bulls must break descending line get a close above the 200MA daily frame..
My honest opinion short now while you still can!
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