Bitcoin Bear Wedge Targets 15k and Will Lead Global Risk
Bitcoin displays a high conviction bear wedge that will break lower with momentum, and bleed into the global risk cycle given the recent tight correlation.
- Bitcoin displays a high conviction bear wedge that will break lower with momentum, and bleed into the global risk cycle given the recent tight correlation.
- Previous bear wedge breakdowns have been reliable and resulted in high momentum drops. Platform illiquidity/closures a system risk.
- MACD set for a bear turn from resistance that concurs with a decline toward the 15,600 target.
Full analysis here:- https://www.smartkarma.com/insights/bitcoin-bear-wedge-targets-15k-and-will-lead-global-risk?utm_source=tiger_community
By Thomas Schroeder, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community
On Bitcoin (XBTUSD CURNCY):- https://www.smartkarma.com/entities/bitcoin-usd?utm_source=tiger_community
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