Moment of Decision
Thick green uptrend lines show overall bullish trend since about 10k.
Yellow lines show secondary downtrend since ATH.
Thin green lines show more short-term extreme bearish movement.
If trend stays above both thick green and bottom yellow at 15:00 on 12 Dec then a push up should be expected.
If it falls below both we should expect significant drops down to 17,200 and maybe down near 16,200 if it breaks through that.
If price stays horizontal past the intersection and stays above bottom yellow but below thick green then we'll probably have more slow downward consolidation into the future.
Just some thoughts. Hope they're helpful. Let me know what I might be missing.
Yellow lines show secondary downtrend since ATH.
Thin green lines show more short-term extreme bearish movement.
If trend stays above both thick green and bottom yellow at 15:00 on 12 Dec then a push up should be expected.
If it falls below both we should expect significant drops down to 17,200 and maybe down near 16,200 if it breaks through that.
If price stays horizontal past the intersection and stays above bottom yellow but below thick green then we'll probably have more slow downward consolidation into the future.
Just some thoughts. Hope they're helpful. Let me know what I might be missing.
Penafian
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