Bearmarket season 2 coming to you this march.
Starring:
Downward channel since macro top.
Range around Point of control (poc)
Plot:
We lost poc and are currently unable to reclaim midrange. One could consider this Price action as deviation of the downward channel (red). There is also a daily hidden bearish divergence pushing from above.
All in all: No lambo this time.
Without a miracle (reclaim poc, break downward channel), our next Point of Interest (POI) is 30-32k region.
So far we're on track with the linked "bullseyemodel".
Starring:
Downward channel since macro top.
Range around Point of control (poc)
Plot:
We lost poc and are currently unable to reclaim midrange. One could consider this Price action as deviation of the downward channel (red). There is also a daily hidden bearish divergence pushing from above.
All in all: No lambo this time.
Without a miracle (reclaim poc, break downward channel), our next Point of Interest (POI) is 30-32k region.
So far we're on track with the linked "bullseyemodel".
Order cancelled:
wrong on this one.
channel no use from here on, let's see how btc behaves inside this range.
channel no use from here on, let's see how btc behaves inside this range.
Comment:
*downward channel
