🚨 ALERT
breaking 56k support will ignite bears strength 🐻.
what does it mean ? a massive sell off might happen.
here's my bearish chart analysis for Bitcoin.
each price below can create a Bullish reaction.
again this will be valid once 56k breaks.
this is a bullish harmonic with ongoing DLEG to the downside
each price below are potential Dleg 1.2 & 1.6
and those are all fair value gaps.
can Dleg still drop beyond the last price?
yes it is still valid to extend 1.8 , 2.2 , 2.4 , 2.6 , 2.8
this movement can also determine as AMD
accumulation manipulation and distribution .
and if ever harmonic will play this can be classified as manipulation phase of AMD.
again all of this will be valid once 56k breaks
as long as 56k holds there's still chance to bounce up and clear all liquidity above that are currently worth Billions.
not financial advice 🔥
