I hate to be a BEAR on Crypto but I must remain neutral to ensure everyone is safe. My last warning call fulfilled exactly as I showed. Once we broke the rising wedge with the help of ELON we reached our 47K Target.
NOW WHAT? THIS IS MY SHORT PLAY
Bitcoin has formed a MASSIVE H&S with a bearish divergence. IF this neckline support is broken the technical target is down near 37K.
I am not saying this is 100% going to happen BUT BE WARNED.
I have taken profits before the crash and entered short positions after we broke support (which I posted on my last chart) and bought back in at our target area. I will repeat this play again if this next support line is broken and the H&S plays out. Currently, I am still holding waiting for BTC next move.
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