Observing the price history of BTC, I found a precursor to the bear flag that cannot be ignored. The monthly chart is a typical 123 reversal trend. Once it breaks through the potential point 3, it will fall below $ 3,000.
This is not groundless. The Dow Jones Index (DJIA) also took this pattern from 2003 to 2009, and the results fell sharply into a bear market. History is very familiar, but it will not be repeated easily.
In 2019, when BTC rose above US $ 13,000, the transaction volume compared with 2017 US $ 20,000 was greatly reduced. At the same time, the monthly MACD is already a dead fork, which is a precursor to the big bear market.
Good luck!
This is not groundless. The Dow Jones Index (DJIA) also took this pattern from 2003 to 2009, and the results fell sharply into a bear market. History is very familiar, but it will not be repeated easily.
In 2019, when BTC rose above US $ 13,000, the transaction volume compared with 2017 US $ 20,000 was greatly reduced. At the same time, the monthly MACD is already a dead fork, which is a precursor to the big bear market.
Good luck!
