I'm watching BTC on 7 different charts from various exchanges and I think I've drawn and redrawn this channel differently at least 2 dozen times on each of them.
I'm leaning bearish both on low and medium time frames *at least*, and I expect us to test high 5ks, even (much) lower if the HTF support breaks. I say this against halving logic, for various reasons, but chiefly because I expect fuckery in traditional markets as well - the DCB seems to have lost strength and the markets seem prime for reversal and downward continuation.
How long can the printer going BRRRRRRrrRrRrRRrrRRRR can distract people from the *burning elephant in the room*?
In any case I would much appreciate opinions!
I'm leaning bearish both on low and medium time frames *at least*, and I expect us to test high 5ks, even (much) lower if the HTF support breaks. I say this against halving logic, for various reasons, but chiefly because I expect fuckery in traditional markets as well - the DCB seems to have lost strength and the markets seem prime for reversal and downward continuation.
How long can the printer going BRRRRRRrrRrRrRRrrRRRR can distract people from the *burning elephant in the room*?
In any case I would much appreciate opinions!