Bitcoin Bear Market Drop
BTC/USD COINBASE:BTCUSD
Basic Chart Details:
– Use the 50 MA
– Use the 200 MA
– Use 3 Day Chart BTC
– Fibs are confirmation of bearish trend hitting targets.
Theory
– This is a bold call. I predict the collapse of the market coming once the 3 day MA’s get closer.
– Exact same scenrio happend in 2018. I hope to wrong.
– Counter arguement would be that we go on rally from this point and the MA’s never meet an pump to ath.
– 75% Bearish odds to 25% bullish odds
– Not to mention. Most stock index’s have already had this play out.
