Another Perspective On This Bitcoin Bearish Retest (If It Is One) Because I keep sensing we are looking at some sort of macro correction coming that brings down Bitcoin and the best example of that is COVID, I went back to some of my old COVD charts to see how I approached things back then. Here I have included some comparisons of the bearish retest. I have also shown of a weekly RSI downtrend line interesting lace for this downtrend line to be. It very well could be broken I have to admit, the current price action cluster is looking rather bullish and impulsive. Again, hard to tell at this very moment. the second chart is just using that same bear test of trend line to justify part of my COVID analysis the last chart is the same as the first one, just a daily look to show you that its kind of mixed. an impulse def happened. but it isn't clear if we are going to get a few in a row, or outright fail the daily RSI chart looks like we will sort of have more of a rolling top, meaning we will go higher, but have started more of a topping process. Some rallies topped out completely. Some kept having such impulsive spikes Right now, I actually believe the retest is the most dominant signal I sort of have a rolling order of things that I consider. Cycles > Psychology > Waves > candlesticks > Bollinger Bands > S/R > patterns > indicators
Published Aug 27, 2026Updated Aug 27, 20264 min read
Another Perspective On This Bitcoin Bearish Retest (If It Is One) Because I keep sensing we are looking at some sort of macro correction coming that brings down Bitcoin and the best example of that is COVID, I went back to some of my old COVD charts to see how I approached things back then. Here I have included some comparisons of the bearish retest. I have also shown of a weekly RSI downtrend line interesting lace for this downtrend line to be. It very well could be broken I have to admit, the current price action cluster is looking rather bullish and impulsive. Again, hard to tell at this very moment. the second chart is just using that same bear test of trend line to justify part of my COVID analysis the last chart is the same as the first one, just a daily look to show you that its kind of mixed. an impulse def happened. but it isn't clear if we are going to get a few in a row, or outright fail the daily RSI chart looks like we will sort of have more of a rolling top, meaning we will go higher, but have started more of a topping process. Some rallies topped out completely. Some kept having such impulsive spikes Right now, I actually believe the retest is the most dominant signal I sort of have a rolling order of things that I consider. Cycles > Psychology > Waves > candlesticks > Bollinger Bands > S/R > patterns > indicators
