Hello ladies and gentlemen, boys and girls, lets take a look at
BTCUSD
. As you can see the long term down trend and the long term uptrends are meeting each other and we are at a VERY NB crossroads, we can see a bear flag forming on the weekly and daily charts, if we break down from here, there could be a lot more bloodshed with hopefully a final target based on a bear flag of 5k, however we have major support at 6k and may see things slow down a bit.
if we do not break down then we could see a temporary reversal over the long term down trend however this is unlikely. our targets are then 9500 fib line and 10k psychological resistance with a 2nd target of 12k
if you found my analysis informative or educational, please like follow and share, if not keep it to yourself its rude to gossip.
Cryptodad out!
BTCUSD
. As you can see the long term down trend and the long term uptrends are meeting each other and we are at a VERY NB crossroads, we can see a bear flag forming on the weekly and daily charts, if we break down from here, there could be a lot more bloodshed with hopefully a final target based on a bear flag of 5k, however we have major support at 6k and may see things slow down a bit. if we do not break down then we could see a temporary reversal over the long term down trend however this is unlikely. our targets are then 9500 fib line and 10k psychological resistance with a 2nd target of 12k
if you found my analysis informative or educational, please like follow and share, if not keep it to yourself its rude to gossip.
Cryptodad out!