which BTC simply ignores for the last 2 months. Until today when it closed the most recent CME gap. Now lets recount the list of bearish signs:
-Weeks of bearish divergences accumulated
-Weeks of very high funding rate
-A handful of CME gaps opened and not closed.
-Reached the target of the widening wedge and dropped (idea below)
-Hit a fib circle and dropped. (idea below)
Recently:
-Deviation above the gann line
-Head and shoulders forming
-back inside the rising wedge that should have broken down
Currently inside a symmetric triangle which of course can break both ways.
To tell you it will drop with certainty is impossible but at least for the sake of technical analysis it should touch 27150.
-Weeks of bearish divergences accumulated
-Weeks of very high funding rate
-A handful of CME gaps opened and not closed.
-Reached the target of the widening wedge and dropped (idea below)
-Hit a fib circle and dropped. (idea below)
Recently:
-Deviation above the gann line
-Head and shoulders forming
-back inside the rising wedge that should have broken down
Currently inside a symmetric triangle which of course can break both ways.
To tell you it will drop with certainty is impossible but at least for the sake of technical analysis it should touch 27150.
Commento:
2 week Deviation above the weekly Bollinger band. RSI hitting higher than 2017 bull run.
Commento:
triangle broke up.
Commento:
dropped back down to 30k testing support. printing an ltf HnS.
