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GeekChartZ (Chart reading made Simple) The moment we have all been waiting for to take a short position in BTC!
Supply zones....Entry Short Opportunities
T1 7388-7475
T2 7624-7695
T3 8083-8178
Support-
support is a price level where a downtrend can be expected to pause due to a concentration of demand.
As the price of a security drops, demand for the shares increases, thus forming the support line.
Trend line-
A downtrend, which is a series of lower highs and lower lows
Chart pattern-
descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern.
There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
price action-
Identified where Banks and Institutions were buying
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