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Crypt0nite
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Total inflows in all exchanges have continuously decreased for the last 62 Days. Indicating bearish. 53K looks like it to be inevitable.
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Dollar Index going on plan for a reversal, seems like a big dip is coming
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$BTC correction to 63.9-64k seems imminent before any next moves, 65.6k support is weak atm with volume dropping and high selling pressure earlier
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What a Rollercoaster #FakePump
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Dollar Index Analysis and possible scenarios
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Correction is not over yet ⚠️ as $BTC loses position and proving to be a fakeout, its losing volume and support it still has a chance to consiledate above 62k, if that doesn't happen, a further drop is expected according to Ichimoku Cloud a correction to 60k is expected on 1h-4h Frame, while on Day frame it might drop further to 56k, either for a double bottom reversal or the downtrend continues to its target of 52k while according to the bearish wedge (supposing it was a false breakout), correction should be around 59k before retest the market seems bearish today, $BTC on selling and high selling on most indicators im surprised there wasnt a big jump on BTC with Dollar Index dropping for a correction, which indicates either a rebound for Dollar Index is expected, or the prices are being manipulated the downtrend might still be on afterall #BTC #altcoins
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