Mother of all bear flags on Bitcoin about to breakdown?
BTC/USD COINBASE:BTCUSD
– not my primary scenario, just an observation of a potential pattern that very few people have noticed (+EV)
– overall, for 2022 my strong thesis remains that it´s very unlikely a bottom is put in without price going sub 30k at some point
– with total OI above 13 billion, the market, at its core, remains hopeful and optimistic – not something that can be tolerated in a bear trend for long
