The price has been observed to form a double-top pattern accompanied by a significant bearish divergence on the weekly timeframe. However, it is essential to note that if the price surpasses the resistance zone, a potential upward movement toward 35k can be expected. Conversely, if the price breaches the support trendline, a decline to 23k is likely.
Monitoring the fair value gaps below the current price levels is advisable, as they tend to be filled over time. Given the numerous indicators indicating a substantial bearish move, it is anticipated that a bearish outcome will occur soon.
Moreover, it is worth noting that the bear-market probability index is currently very high, indicating an inevitable occurrence of a significant bearish move.
Monitoring the fair value gaps below the current price levels is advisable, as they tend to be filled over time. Given the numerous indicators indicating a substantial bearish move, it is anticipated that a bearish outcome will occur soon.
Moreover, it is worth noting that the bear-market probability index is currently very high, indicating an inevitable occurrence of a significant bearish move.
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Bearish divergence on the weekly TF:
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I'm expecting the fair value gaps to get filled soon!
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Soon... A big move is coming!
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