Good day my fellow traders! BTCUSD pair has broken its final support and has entered bear territory as stated in my previous idea. As you can see in the chart on the 3week timeframe, the pair was trading in a massive rising wedge and has broken to the downside with a target pointing towards $17k. The 3week chart is a longer timeframe and gives me a more extended view on future price action. This data leads me to believe 2022 will be a BEARISH year, not just for crypto but with stocks as well. Clearly we have a bearish divergence on this chart and I've discovered similar bearish divergences on several major stock indices. Recession?
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
