In this chart I have illustrated a possible scenario which can play out (at least that's what i think).
There is still a lot of sell off left .
1. Volume decreasing on daily
2. Price is below the weekly MA for the 5th week in a row
3. Unstable macro economic conditions
For all those who are saying the pi-cyle bottom flashed. I have only 1 question:
Did bitcoin...
BTC currently going 18680 around 3 days did price correction But now looking like bears are heavy on the market so the bearish wave started now as good for alts BTC will fall near the first fall will be 17800 if the bear market continues.
16 hours of target 18380 around
BTC Tuesday!
Bloody or Eufory?
Still an exciting moment for BTC, the Bulls are not able to independently rise further, the last push is needed from a Whale it seems!
Yet BTC relies on a strong R / S level! if it continues there, the lower zones are quickly within reach!
Be safe, with Alts is the advice
