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AND SO IT BEGINS BTCUSD 4H

Thisisnotfinancialadvice의

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The 15m has shown exhaustion from the last bullish push to save Bitcoin from destruction

The 4h is in a crucial area, a bearish break here strengthens a gastly bearish outlook

If this chart is confusing you, it's because it's inverted.

The Bearish Outlook:

BTCUSD Internal Fib Pattern + Cup & Handle

Other Stuff:

BTCUSD Inflection Point - Possible Top - 4H

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Can't always be right on the money. So be it. The 1hr broke out of the structure, so looking for that follow through, else i'm staying bearish for now.

We had a good bearish break on the 15M but those signals are unreliable and can easily reverse as the 1hr was at resistance/ bullish support/ and didn't get the follow through we needed for my trade.

Perhaps we're waiting for bearish news from china, they did some bs payment that quelled the market forces, but really, nothing is going to stop the real estate crash there are lots of empty (crappy) buildings that are hurting investors and the cost of propping up a failed system and unnecessary construction is growing exponentially, hence all the debt those companies are in.

This is the last thing we needed when huge shortages are coming in. Rather parts are dissapearing. This will put a tremendous strain on top of hurting anyone who invested in chinese real estate.

This is going to topple down within the next month. Tether has used the USD they had in their account and loaned it out to chinese companies in the form of short term loans. They have not disclosed who they have papers from. They have said they do not have evergrande papers. Like that matter if the entire chinese market crashes and defaults the most likely borrowers, the real estate market probably have loans from tether, seeing that evergrande has 300+billion in USD loans?

This is not financial advice.

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1hr above, 4hr below

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"Perhaps we're waiting for bearish news from china," what assholes bitcoin banned with an extra ban on the bit. Welp, can't say I didn't see this coming, in a way, hahaha.

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well this is as bullish as it's been for a while.

a breakdown here is important for bears.

If this gets some follow through then there is a chance for a bullish reversal.

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