MATHR3E

$BTC Second Target Reached #Sequential

BITSTAMP:BTCUSD   Биткоин
Hi everyone,

The previous exhaustion point was too weak to reverse the price
It only formed a short consolidation pattern (Bear Flag) before another drop.

Now BTC has reached the second bearish target (on BITSTAMP)

The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart.
These new exhaustion points should now lead to another consolidation pattern or a needed bounce as price is quite oversold now


Warning Points:
BTC is still in a bearish channel
A touch of the bottom line of the channel is still possible


Best!

MATHR3E



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