AlanSantana

πŸ…±οΈ Bitcoin's Crash Starts Next Week (Weekly Chart)

Short
CME_DL:BTC1!   Bitcoin CME Futures
Are you a Bitcoin futures trader?

If you are, I am sure you will agree with what you are about to read:

πŸ‘‰ Bitcoin is set to crash next week.

Looking at this chart, we have:

βž– First, a top pattern in the form of a cap.
βž– Then, both the ATH and proceeding lower high sessions closed red; both below EMA10.
βž– We have two weeks of trading below EMA10; bearish bias confirmed.

Expect something like this:

πŸ‘‰ First a drop toward EMA50 (~46,000) that will surely produce a bounce and short-term lower high, followed by a test of MA200 around $34,000. This is based on the weekly timeframe.

Let me know if you agree in the comments.

Thanks a lot for your continued support.

Namaste.

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