Hi everyone,
Thanks for reading my idea. Before reading this idea, I highly suggest you read my related ideas first before you ask, why are you so bearish?
If my last idea, "Potential Inverse Head and Shoulder. Target 41.7K", plays out, we may be forming a bear flag. What we're experiencing right now, IMO, is that this is just a breather, and Bitcoin is just chilling at 30-40K area. Sooner or later once the bear flag intersects with the 4H 200MA (see estimate projection - yellow dotted line) and if we see a rejection from there, the target to this bear flag is at 18K.
Anyway, this is just and idea. I'm not saying it will happen. NFA. DYOR. TAYOR.
Cheers,
Thanks for reading my idea. Before reading this idea, I highly suggest you read my related ideas first before you ask, why are you so bearish?
If my last idea, "Potential Inverse Head and Shoulder. Target 41.7K", plays out, we may be forming a bear flag. What we're experiencing right now, IMO, is that this is just a breather, and Bitcoin is just chilling at 30-40K area. Sooner or later once the bear flag intersects with the 4H 200MA (see estimate projection - yellow dotted line) and if we see a rejection from there, the target to this bear flag is at 18K.
Anyway, this is just and idea. I'm not saying it will happen. NFA. DYOR. TAYOR.
Cheers,
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