The Most Bearish Chart Ever Made

I see a H&S on the 2day. I may be wrong. However It helps to chart out all possibilities. Here is one that may play out. You can see the levels. The daily was just rejected again at the daily kejun and the 30k longs are not giving me a lot of confidence. If we have a cascading long closing situation, his may just play out.

Overall I am still bullish, however if these levels hit, the bubble chart also comes true.

To invalidate this idea, BTC needs to hit 10k or higher.

Kommentar:

I just want to mention here that this is an alternate thought, it does not mean this will happen, however, as a trader one must look at all possibilities and this is definitely in play unless we make a quick recovery.

Also this idea is long term, which means if it does play out we see a slow bleed that will last until April / May time frame. You will get plenty of bounces and dumps between now and then, but the overall trend will remain down.

Trade geschlossen: Stop wurde erreicht:

Chart invalidated. Still see it coming down, but this 2 day setup is invalid.