Every day at 17:00 for the last few days BTC can continued to dive down. In this chart I've set out a couple more lines at 17:00 to see if it keeps patterning down. I will update this chart over the next few days to see if it keeps up. I am very new to this so take it was a grain of salt. From what I can see BTC is stuck in the downward purple trend, trending in...
Tested and broke the red resistance line, looks like it going down. Broke out of the orange channel it was headed up on, passed the green res line and broke below the red. If the next candle forms red we can expect it to ride down again.
Total noob at marking up charts but here's my two cents. Looks like BTC nipped the bot res band on 2/6 and continued up past two more lines of res. Got caught and tried to push again on 3/5 and got stuck in the channel. Then the big whale came in and tanked BTC down so my question is, is this an abnormal bearish candle due to a whale and will there be a correction...
Total noob at marking up charts here, but is there a potential buy opp here on what would be the 5th wave before a dip?