Hi guys
We will be looking at diagonal trend lines that seem to play a major roll in the drop signals.
So we will not be using indicators here
We will be looking at the price action only.
So let's begin.
OK THE FIRST INDICATION OF A SELL OFF
The trend line by the first red arrow.
Shows us clearly that btc has broken a trend that started on the 6 Oct 2020.
we see a spike in market on this date slightly pushing the trend a little higher.
THE break also support a ascending wedge pattern break out.
THE two bounces shows the support area for neck line of a head and shoulders
We see. The retest of the head and shoulders.
We also have a second trend line that was broken through.
We are current seeing a test of this level.
If we follow the flow of movement and sequence of events we will see a break of 30 000
All info is still point down no matter how I look at things.
THE neck line support of the weekly head and shoulders is still holding but for how long.
Every upswing is neutralized.
Could we be seeing a new wave with in the final wave of the daily.
Well let's see how it goes guys.
LET'S KEEP OUR EYES ON THE COIN
FOLLOW THE INFO
MAKE WISE DECISIONS
We will be looking at diagonal trend lines that seem to play a major roll in the drop signals.
So we will not be using indicators here
We will be looking at the price action only.
So let's begin.
OK THE FIRST INDICATION OF A SELL OFF
The trend line by the first red arrow.
Shows us clearly that btc has broken a trend that started on the 6 Oct 2020.
we see a spike in market on this date slightly pushing the trend a little higher.
THE break also support a ascending wedge pattern break out.
THE two bounces shows the support area for neck line of a head and shoulders
We see. The retest of the head and shoulders.
We also have a second trend line that was broken through.
We are current seeing a test of this level.
If we follow the flow of movement and sequence of events we will see a break of 30 000
All info is still point down no matter how I look at things.
THE neck line support of the weekly head and shoulders is still holding but for how long.
Every upswing is neutralized.
Could we be seeing a new wave with in the final wave of the daily.
Well let's see how it goes guys.
LET'S KEEP OUR EYES ON THE COIN
FOLLOW THE INFO
MAKE WISE DECISIONS