Today is the sixth day that Bitcoin goes red and this is unheard of...
How are you feeling today wonderful amazing person?
Incredible human being!
Notice the blue line on the chart right below the rounded top, BTCUSDT wicked above this level today but is already trading lower, a small rejection.
Recently I mentioned how Bitcoin never produced 5 consecutive red days coming off a major top. In the entire year 2024 and 2023, Bitcoin never produced 6 consecutive days red. The last time this happened was in August 2022 as part of an extension of a bearish move.
What you are seeing is bearish consolidation below resistance, the worst since the bear-market. This can lead to a major drop, one that deduces 10,000 in a single day and this would repeat for several days. We are talking about the strongest bearish move since November 2021 or March 2022.
Are you ready? I hope you are...
We've been receiving countless of warnings from the charts.
Thanks a lot for your continued support.
We are here long-term.
The market is not going away.
Endless opportunities are present.
If you made a mistake, there is still time to take action. Adapt to market conditions.
Thank you for reading.
When the bearish wave is over, we will go bullish, it is the only way that it can be done.
👉 Bearish when prices are going down (at resistance); bullish when prices are set to grow (at support).
Namaste.
