BTC About to turn market completely bearish. Ironically a potentially very good thing for many!
This was right before we closed todays candle. Note that the rate of change of BTC reached a low of ~ -24 only seen a few times In It's entire history. The last time being March 2020.
This 4 hour chart Illustrates how serious this breakdown Is
This Is the 4 hour technical analytics for BTC
This Is the 1 hour technical analytics for ETH.
For some people this Is very optimistic Ironically. More specifically non-institutional Investors. When BTC started It's correction almost all analysts forecasted monthes of bearish to bullish behavior culminating In a highly bearish overall Crypto space as BTC reached for higher things. But certain trends escalated things substantially. Yet correction was still forecasted for months.
My point being this move will Likely escalate that to a matter of days. Be careful trading the next few days, with stop losses tight.
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