2.8k in sight. Hell candles await. BTC Bitcoin Ponzi

Bearish patterns, bearish compression on the MACD and a long consolidation between buyers and sellers is nearing the apex.

I'm expecting a big drop in a few days to 2800-2900. A massive spike, which, from this level could trigger a reaction rally to the low 4k level.

As of now, this is what I see. The only thing I can see going for the bulls is the shorts are still cocky and at all time highs, and we may need a few shakeouts before said drop.

I will keep updating it as soon as I get more information.

Commento:

Previous chart in which I explained BTC's rejection and how a bearish bat would form from this pattern. No one was talking about it as a descending triangle, which it was. Most people were waiting for a falling wedge/breakout re-test. This is why it's highly crucial to study patterns and the structures of how patterns form onto themselves.

Commento:

Another great opportunity to snipe the shorts from the heavily bearish orderblock that has AGAIN proven to be resistance.

You can clearly see that bears are definitely overpowering bulls before the much anticipated hell candle down to 2.8k

This is a THIRD visit to this orderblock. I believe we will see 3100 and below before we see 3700.

Commento:

And so it begins...

Trade attivo

Commento:

3100 first target, once yearly low breaks.

Then a hell candle to 2.8k.

Commento:

Type F on the comment section if you counter traded and got rekt