I usually don't share my ideas but in this case, I had to warn you. a perfect bear flag and a perfect s/r level(20-24k) for capitulation event.
We see little liquidations lately and volume is still low compared to 2020-2021.
About on-chain, everything on-chain is bullish(long-term) except Estimated Leverage Ratio which is currently at it's ATH increasing chance of big dump(short-term).
The best way to find a bottom is volume(big big liquidation, maybe more than 2-3Bilions).
This is only my personal opinion and YOU MUST NOT OPEN ANY POSITION BASED ON THIS IDEA.
be safe and DYOR.
We see little liquidations lately and volume is still low compared to 2020-2021.
About on-chain, everything on-chain is bullish(long-term) except Estimated Leverage Ratio which is currently at it's ATH increasing chance of big dump(short-term).
The best way to find a bottom is volume(big big liquidation, maybe more than 2-3Bilions).
This is only my personal opinion and YOU MUST NOT OPEN ANY POSITION BASED ON THIS IDEA.
be safe and DYOR.