BTC Upper wick formed on the daily. The past 2 months, once a long upper wick is presented, it showed us the top has been reached and a reversal is pending. I would expect a huge sell-off from there. Notice after both upper wicks, there was a 30% drop. It's very likely we may see the same results once again.
Note
We're not sitting at the 30% decline at $8.6kNote
We're now* (typo)Note
If BTC doesn't close above $8.3k by Tuesday, it's going to be downhill for BTC till around the $6k range
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.