If you focus on the broad picture of the chart, you can see that BTC has just failed at my infamous green . The last candle rallied up to it, touched it, and now we've plummeted lower, printing a candle in the process. Technically, we appear to have just popped out of the , to confirm that as resistance. That is very price action, and if this current candle closes below the 20 (in blue) we are very likely to see sustained downside action. I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic. revoir.
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***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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OR...Why wouldn't the Jan 17-19 dip be part of the original inverse shoulder? Lastly, seems like this downward channel been pierced twice now? Why wouldn't this be going up?! 12600.
I ask questions to gain information, not to be abrasive. Thanks!!!