#btc
#bitcoin
#doji
#supportline
#highlow
🔹3 days ago we mentioned that doji reversal candles are seen at the end of the trend, and when a green candle formed in the upward direction the next day, we doubted its reliability. At this point today, we need to give the doji candles their due and accept that they are a good guide.
🔹Yesterday there was an additional development and the price fell below the support line. The boxer may fall to the ground with the punch he received, but he gets back up and continues the match. However, this event is recorded as a loss of power and points. It is thought that the possibility of winning the match decreases.
🔹Today there was an additional development and the price made a new bottom below yesterday's bottom. Don't object right away that today's candle is green. Because after this event, the line that was support yesterday became resistance today. The occurrence of new bottoms is a more advanced stage than the break of doji and support lines. 🔹The old man thinks that the pullback process in Bitcoin will take 1 week if the prices fall sharply, and 2 weeks if they are released slowly. He also believes that the new bottom will be formed at least 10 thousand dollars below the last peak. 🔹Last word: The devil is in the details. 😊