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BTC $32K This Weekend?

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BTC looks primed for a move down to 32K over the next 2-3 days. That price level may provide a temporary relief bounce, but even then price action could just continue down. This would be a last chance price level before continuing down to my 18K-20k near term bottom.

Watch for a break of this bear flag on the lower time frames, which is just a smaller flag inside of a much larger bear flag that has already confirmed a break down.

Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Nota
syot kilat

Interestingly enough, the price target for this bear flag matches right up with the 200 EMA on the 5 Day time frame.
Nota
syot kilat

If BTC manages to close below the 100 Week MA, look out below. Price will then be pulled like a magnet down to the 200 Week MA.
Nota
I still expect price to wick below the Weekly 200SMA, which is currently sitting at 21.73K
Nota
syot kilat

The flag has broken down and retested as resistance. Selling should accelerate now.
Nota
BTC closed below the 100 Week MA and rejected by the 5D 200MA. Lights out, MicroStrategy about to get margin called. Luna about to get exposed as a ponzi scheme. Big boys smell blood...
CryptoDude79
20kbtcbitcoinforecastBTCbtcbearishbtcbearmarketBTCUSDTrend Analysis

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20kbtcbitcoinforecastBTCbtcbearishbtcbearmarketBTCUSDTrend Analysis
CryptoDude79

Penerbitan berkaitan

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.