BTC 4hr outlook
We have been forming a crazy bear flag this past month. Here are two outcomes I foresee coming up next.
(Yellow) Inverted Adam and Eve formation:
As you can see we have been forming a damn good adam and eve formation so far. If we have continuation of the formation I'd expect to head down to the next bottom spot.
(Red)
We head upwards for a small rally to the supply area and then continue to reach vol sitting at the resistance spot. Once we hit this area the bears will drive price back down to the supply area
We are still in a bear market and from watching my screen for ungodly hours I can tell that any bull pushes have been met with equal selling.
(Yellow) Inverted Adam and Eve formation:
As you can see we have been forming a damn good adam and eve formation so far. If we have continuation of the formation I'd expect to head down to the next bottom spot.
(Red)
We head upwards for a small rally to the supply area and then continue to reach vol sitting at the resistance spot. Once we hit this area the bears will drive price back down to the supply area
We are still in a bear market and from watching my screen for ungodly hours I can tell that any bull pushes have been met with equal selling.
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