BTC C U @ 30k M8 .. (and even lower?)

3 Day chart I like. BTC short/mid future, I do not like.

BTC has strong relationship with 50ma and 200ma.

After a long battle between them, BTC has always suffered a 50% death in price. Will this be the 3rd time?

I think so as the chart points out the bearish signs. This is a classic bearish scenario example.
- Bull Flag
- Breaking down from bull flag
- Rejected by 50ma
- 200ma support is being exhausted and showing weakness
- Volume is declining
- 41k acting as resistance




Let me know your thoughts below

Comment:

Price Fallen below 200ma, currently awaiting the re test. If rejected here, 30k will be soon visited.