BTCUSD - Back below 5.000

I would like to share what I see regarding Bitcoin. I'm not trading it right now but my system is is still showing a sharp decline below 10.000 and below 5.000 in the following weeks.

Last week we finished printing a symmetric triangle what broke down yesterday.
The symmetric triangle is a continuation pattern , I highlighted the target price what is not funny at all.
21st May looked like we printed an ICL but if you check the RSI 5 you can see when we tagged the overbought territory price started to drop again . It means the ICL still ahead of us . The measured target from the pattern is showing 4353$.

100MA and 50MA crossed over and price had lost the 200 SMA.

While I see a lot of posts how Bitcoin will rally again this chart doesn't look bullish at all... I see a popped bubble what is going lower and lower in the ERA of inflation.

Komen:

Clear symmetric triangle, clear breakdown.

Komen:

As you can see the reaction of the bulls below we have a new crypto religion. They think this can go only up and anyone else who says it’s going down is Evil.
We are going to break 30.000 soon.

Komen:

Komen:

Triangle backtest.

Komen:

The trinagle formed into a range.
50 and 200 MA crossed over.
Soon 30.000 will be broken.

Komen:

The lowest close since 2021.01.27.

Komen:

We might never see 30,000 again

Komen:

Doesn’t look too good.
200MA and 100 MA, plus 200MA and 50MA also crossed over.

Komen:

After the false breakout above 65.000
Bitcoin fans are learning a hard lesson. It lost 25% of its value in 3 weeks .

Komen:

When the flag breaks we will probably break 31.500

Komen:

It seems 10.000 will come earlier than 100.000.

Komen:

Free space to 4353$

Dagangan ditutup secara manual:

Komen:

We are going to get a few weeks bounce from here.

Komen:

Price will tag maybe break the 100SMA in this bounce.

Komen:

5000 coming closer and closer.