Continuation or nah?
Bitcoin is either putting in a continuation pattern or a massive top, which is it?
If you zoom out at look at the bigger picture with bitcoin you see something very interesting...
You see a large bullish continuation pattern...
Check it out:
(Source: https://twitter.com/LoyaTheTrader/status/1513176027123658760/photo/1)
The caveat here is that if that $30k area is violated to the downside, this pattern goes out the window and bitcoin likely goes a lot lower...
The bulls need to stake a stand here soon.
the trendline was lost
everything looks bearish
macro wins again
not for sure a top, but it's not this clean
we ran up to 48.2k
now we 39.2k
we've dropped 9k on btc
everytime I get bullish smacked
price slams even lower
good news doesn't matter