Bitcoin Below Daily Red LineAs described by @RafaelZioni, the Red Line is an indicator that is a:
"simple script that give easy indication on the state of your asset
above the red line is bullish
below is bearish
the line is based on modify level of regular pivot S3 without the MTF function"
Bitcoin is now below the Red Line on the daily chart and falling into bearish territory.
Could this be the start of bear market? Targets would be horizontal portions of past Red Line areas.
