Wouldn't be surprised to see this descending triangle with support as the neck line with lower highs forming near the current local top.
If we reject the downtrend trend line i'd expect a deeper pull back possibly throughout January.
Please like/comment if you have any questions, and Happy New Years! 👍
-Yurlo
Good afternoon traders & investors in the crypto community. I'm sure there's plenty of new people around this space looking for guidance and direction. A lot of people are saying the dump is going to continue before today's daily close but in my perspective we've just started wave 1 - 5 of the downtrend and are now finding a bottom before heading to retest...
-Yurlo
Good morning folks, please do me a favour and smash that like button if you like these visuals 👍
Price action talk: (bitcoin)
Downtrend: 2 validation points
Uptrend: 3 validation points
#1: Lower highs, and lower lows being painted on the chart, looking for a retest of $10,900 - $11,000 (trend needs 3 validation points, we have 2 on resistance and...
