On the , you can see that we're approaching the zero line, as sell side momentum expands to the downside. If the breaks below the zero line, that will be a technical sell signal, but I wouldn't recommend jumping into new short positions here, unless we break down below the rising dashed . I say that because any one of the aforementioned support levels could cause a reversal back to the upside. The best place to short, would have been the confirmation of resistance on the bottom of the false flag. The next ideal short would be a confirmed breakdown below the rising dashed , if/when EOS gets down there. If you did happen to short the breakdown of the false flag, for educational purposes, it would be wise to take profits at the support levels on the way down.
Now that EOS has produced a nasty breakdown from the false flag, and the false flag breakdown in BTC is just beginning, we have to wonder if EOS and other alts are leading BTC a bit. EOS broke down on the 13th, and BTC broke down on the 16th. So, perhaps we will see a similar drop in Bitcoin , now that we can see that EOS and other alts are leading BTC to the downside.
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-Magic loves you-