In addition to breaking down from the false flag, you can see that BTC is beginning to surpass the 20 (in blue.) The next will be the 50 (in orange,) but I believe that there is a high possibility that we will return to the top of the , to test it as support. If you recall from my previous BTC post, I said "Now, I don't believe that the 20 will hold, because it's more likely that the market will sell into the top of the channel. Nobody really cares about the 20 right now. Traders want to know if the top of the will be supportive." As you can see, that assessment was right on the money. So, now we need to see if the 50 will hold. That quote that I just cited was made before the 50 was really above the . Now that the 50 has made it's way above the channel, it is a that we need to assess. However, I still believe that a test of the top of the is the most likely scenario.
On the , you can see that there was a small divergence, which correlated with the false flag that I've been covering. Additionally, the just printed a strong crossover, and momentum is beginning to accelerate to the downside. With that said, we're still above the zero line, so we need to see if the can get back below zero. That will be a great momentum indication that the bears are ready to this market.
To all of my critics, who have chastised me for not going , I just want to say that I have an obligation to give the best information possible to my followers. I truly care about their success, and I know that this is a raging bear market. Regardless of the rally, it would be very reckless of me, to tell my followers to buy into this nonsense. There is no confirming evidence. The amateurs who lite up my comment sections obviously can't see that. However, I can. That's what makes me great. That's what makes me a legend. When the evidence of a bull market unfolds, I will gladly side with the bulls. As far as I can tell, all we did was print a lower high. So until then, I will continue to look out for the safety of my followers. I've always said that I am their blazing torch in the dark market forest. I will lead them through the hype, and guide them in the right direction, even in the face of great opposition and adversity. I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-Magic loves you-