Bitcoin
Updated

BTC Bear Channel or Bear Pennant?

1 371
Watching for shenanigans at this level to verify if any further downside is ahead. I see two scenarios which are located in my profile.
83.6% Average Retracement of Significance Since 2013

BTC Weekly Oversold RSI and 233 EMA

Either we've already reached a major bounce point or we capitulate further to $2K regiom. Trade safe and enjoy the show!

NOTE: NOT trading or investment advice. Entertainment only
Note
6hrs ago, said it could hit 9100 now we're almost there. tradingview.com/chat/m/1adf1d07-b4f6-4488-8995-f51513fe7bf6/
Note
BTC hit my "turbulence" retracement zone of around 9100. Notably, the highly correlated SPY also started to pull back. Now we'll watch to see if this goes deep or makes a mild pull back from here.
snapshot
snapshot
Trade closed: target reached
Nailed the blue target zone exactly. Let's see if we begin a retracement from here.

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