This is a new bearish pattern appearing. there is bearish divergences up to the daily as well Prior there was a rising wedge that broke down and met target.
Currently BTC is range bound so it is technically neither bullish or bearish until breakout from the range
Bearish patterns with divergences appeared at 19k and BTC looked it toped but it pumped none the less. So a confirmation of a downtrend is a break below 22k. Bullish case is a break above 24.5 and a straight pump to 28k.
XRP was in a gann fan and formed a bearish reversal diamond prior to the recent big drop.
Currently BTC is range bound so it is technically neither bullish or bearish until breakout from the range
Bearish patterns with divergences appeared at 19k and BTC looked it toped but it pumped none the less. So a confirmation of a downtrend is a break below 22k. Bullish case is a break above 24.5 and a straight pump to 28k.
XRP was in a gann fan and formed a bearish reversal diamond prior to the recent big drop.
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Top target reached.
