Sam111

Bitcoin possible bearish fractal spoted

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BITMEX:XBTUSD.P   Bitcoin
BTC did new ATH with bearish diverengence on the DMI ...If history repeats itself ,we might have another push (probably to 70k)to grab that final liquidity on lower high @ dMI and we price could print triple bearish divergence. We had one back in May.Just like in May ,the ADX is also low ,signaling a strong move.We lost daily BB middle line ,that usually indicates a retest of the lower line ( bearish ) If fractal plays out ,a big dump could play out in the next 2-3weeks.
On the grand scheme,a double top ,one in May at 65k and now at 69k ish ,would look extremly bearish and could send BTC into a prolonged bear market
Target1 :22k
Target2:19k
Target3:14-15k

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