So we can see a channel that has been forming for 10 years. the 20K high is the weakest peak of the entire trend. At the moment, the price has dropped out of the channel (6k to 3k), returned to the retest (14k) and now likely to go much lower than you can imagine
On the monthly timeframe, you can see that the price fell out of the upward channel, returned to test it from below, and then will form a new ascending channel, on the lower level with a lower angel. Otherwise, if bitcoin continues to grow at the same angle, it will cost $180k this year, but it's unlikely, isn't it?
This is 3D chart, a quick look: 1. ETH hit MA200 and get rejection (on the three-day chart this is the all-time average — so it's super strong) 2. MA200 is now at a level that has already been resistance and support for strong movements — the mirror level. This is a serious shit to the price It can be seen that most of the time the price spent under this level 3....
Probably the current market draws a flat — the price of BTC and ETH is at key levels ($9000 and $ 300), the market is bullish and doesn't want to go down, but needs time to consolidate
the main things here are the yellow trend lines: first 2011-2015, second 2015-2019 very similar patterns So waiting for the start of the formation of the third line 2019-2023? or is the second trend line still valid and will be able to hold the price?
So, from above we have the H&S pattern — very dangerous situation, with a target of 0.0002 (-x6) in the case of broke of the level of shoulders. However, on the historical data, as you can see, BNB always came out the winner. It is also a very dangerous indicator of the whole market — if BNB goes under the shoulders level, it means a strong and long bearish trend...