Anything Can Happen Now… But Why?
Bitcoin / TetherUS BINANCE:BTCUSDT
What happened to the “relief rally”?
We are in uncharted territory, do not wait for the classic “relief rally” or bounce because we are already in a new pattern.
It is the first time that Bitcoin goes on a 7 week strike.
We are on the 8th week and things continue red.
The usual signals we look at are all bearish .
We do have a bearish cross on the EMAs which normally leads to a bounce followed by lower prices… But again, we haven’t seen any type of bounce.
This is telling us that very likely we will see prices go straight down.
Namaste.
