Bitcoin
Updated

A close below $40k is confirming the bear market

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A monthly close below 40k would mean BTC is going in a bear market that could force a test of the 18k support as a possible next scenario. When comparing BTC to the GBTC chart i`m even more convinced that this cycle is done.
Note
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Note
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Trade active
The neckline is broken

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Trade active
The 200w MA is starting to look more and more like a support area i would be interested in making a trade.
Trade active
GBTC double top on the monthly, neckline broken.

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Trade active
Downtrend continues as expected
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Trade closed: target reached
It was in the charts all along:
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