This is only a strategic view. For personal record keeping and strategic view.
The picture is self-explanatory.
I am posting this as strategic because it is a part of my larger collection of BTC pictures.
This is a 4H chart. I will not comment the indicators, the price action itself is more than enough.
From my experience, it would be silly to expect a breakthrough to the upside. Price action does not work in such a way. There are too many negative evidence on this chart. I highly doubt it will be a steep drop. The main point is, the bears are taking control again.
This is only part 3 of my series of BTC strategic. Parts 4 and maybe even 5, coming up shortly.
The picture is self-explanatory.
I am posting this as strategic because it is a part of my larger collection of BTC pictures.
This is a 4H chart. I will not comment the indicators, the price action itself is more than enough.
From my experience, it would be silly to expect a breakthrough to the upside. Price action does not work in such a way. There are too many negative evidence on this chart. I highly doubt it will be a steep drop. The main point is, the bears are taking control again.
This is only part 3 of my series of BTC strategic. Parts 4 and maybe even 5, coming up shortly.