McDonalds application filed? Better do!

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".

Order storniert:

wrong on this one.
channel no use from here on, let's see how btc behaves inside this range.

Kommentar:

*downward channel