Pay attention to this to take action promptly.

$BTC is going to the 20k region. Why?

Pay attention to all the attached images as I explain my research bias

1. BTC CME gap

The BTC CME gap is a factor in determining where $BTC will go. Advanced Traders agree BTC likes to fill unfilled CME gaps

There are currently CME gaps which need to be filled, 27,400 and 20,300. BTC can easily fill the 27,400, but it will likely come back to 20,300 to fill that gap first before heading to the 27,400 gap...

The reason is that the trading volume of BTC is declining rapidly and the total market cap has seen the lowest trading volume in recent times.

2. Monthly BTC Chart.

As seen in the monthly BTC chart, BTC printed bearish reversal candlestick formations to create a double top and we have been in a downtrend ever since, It requires a bullish reversal pattern for us to go back into an uptrend, which is possible if we hit the 20k region and get a heavy bounce as that region is a big support as seen from the last drop to 19,500k region.

It is also clear that we have again printed a bearish reversal candlestick formation to show that September will be bearish

3. Weekly BTC Chart.

Notice that the 25 and 8 EMA indicators show the market trends on a weekly and as clearly seen the cross shows we are about to go bearish for weeks

4. Daily BTC Chart

Before we broke the trending support line from the 15k region, we printed a hidden Head and Shoulder pattern. That bearish pattern broke out and has retested and it's only but a matter of time before it falls off the cliff to the next support at around 19k, 20k region as 24,800 may not hold or may hold for a while.

5. 4HR BTC Chart

Although my chart here shows no confirmation, it looks like another Head and Shoulder and if true, it confirms the bigger picture as H&S usually shows up on several timeframes on charts, if they are likely to play out well to target.

I've shared with you 5 reasons to be bearish

Take action to catch $BTC's next move.

Kindly note

This info is my research and not financial advice. Follow me for more educational tips.