Here's hopefully a clearer picture of the first instance of price falling beneath the previous major low as indicated after the fact, by the blue circles of the hash ribbons indicator.
@WealthHustler, while I do see indications price is about to fall, and I could easily be totally wrong, that is not the point of this post.
The point of this post is just to show that the recent drop from the recent 10k/9k highs to the 3.7k low in mid-March 2020. was the very first time Bitcoin's USD price fell below a major low recently confirmed by the Hash Ribbons Indicator's blue circles as seen on the 1d timeframe bitstamp chart I posted. The relevant major lows happen some time before the blue circles. usually within days or several months.
Again, for the record, I have been told by much better traders than myself that I am wrong and that it has happened before, so again, if you or anyone knows of any instance where it's happened that I missed, please mention it! I would love to know. Thanks!