Primary Analysis:
general movement has been selling on the weekly and monthly, larger structure bearish pennant. Price had its impulse run to the top of structure but is immediately bought back down once resistance is hit, nice area of resistance, great opportunity to sell to next level of support. price then began to impulse down correctively, with a minor pullback followed by a continuation, bears are in control further pushing price down.
We have a double top indicating strong resistance, price has wicked out then closed within structure twice, price is being respected. 90% rule respected, heavy selling momentum.
Support is strong and is continuing to be bought back up (triple bottom),
BTC CYCLE, expecting dump tomorrow tp may not hit till Thursday-Friday,
Assurance list:
Head and shoulders
Bearish pennant
general movement has been selling on the weekly and monthly, larger structure bearish pennant. Price had its impulse run to the top of structure but is immediately bought back down once resistance is hit, nice area of resistance, great opportunity to sell to next level of support. price then began to impulse down correctively, with a minor pullback followed by a continuation, bears are in control further pushing price down.
We have a double top indicating strong resistance, price has wicked out then closed within structure twice, price is being respected. 90% rule respected, heavy selling momentum.
Support is strong and is continuing to be bought back up (triple bottom),
BTC CYCLE, expecting dump tomorrow tp may not hit till Thursday-Friday,
Assurance list:
Head and shoulders
Bearish pennant