Weekly trend lines starting to make sense now.
It wasn't until the recent drop from 5.5k down that the overall trend became very bearish.
Bullish sentiment was plenty at 6k despite a large correction.
I drew my trend lines through the bodies of noisy events, gfy and ur wicks.
Point where price broke down from 5.5k and where price failed to hold above 4k in white circles are two key moments where the market reversed.
From Bullish to Bearish.. after being bullish for years..
Some ppl out there think we've reversed back already?
Damn that was quick...
What's the news I missed?
It wasn't until the recent drop from 5.5k down that the overall trend became very bearish.
Bullish sentiment was plenty at 6k despite a large correction.
I drew my trend lines through the bodies of noisy events, gfy and ur wicks.
Point where price broke down from 5.5k and where price failed to hold above 4k in white circles are two key moments where the market reversed.
From Bullish to Bearish.. after being bullish for years..
Some ppl out there think we've reversed back already?
Damn that was quick...
What's the news I missed?