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locatellicharts
Nov 2, 2022 2:36 PM

CENTER LINE : 2 bearish scenarios  

Bitcoin all time history indexINDEX

Description

Both in in BTC and SPY charts we have Median Lines that worth a check:

In BTC prices are now under the 50% upside parallel Median Line and the current move could be a pullback of that level, in that case prices could be headed much lower , the Center Line is under 10K right now.

in SPY prices are above the 50% upside parallel but a move back under the 1/2 of the body of the last green candle ( ~373 ) should be seen as an alert to check in case of more downside there to come.

Knowing these patterns may help you have a geometrical map of where price are moving and where could be directed in the future.

No position just sharing the patterns.
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