i was watching STEEM and i noticed something interesting. the BIG GREEN UP BAR ( yellow area)
price suddenly spiked up!!!
a spike can mean this:
market makers are trying to change the trend from down to up!
ok ok now i'm gonna burst your bubbles if i say:
however, it can be a false move!
oh come onnnnn!! what do you mean false move??
well, false move basically means that the market makers are trying to fool you getting you thinking the market is about to reverse so you Buy and they Sell and the market goes down and you lose money :(
but Don't worry! i'm here giving away free analysis for you :)
Look at this:
i was able to channelize the price that means we have and overall clue of the overall bounderies
for now, the market is hitting the ceiling. the primary idea is that it'll go down
however, if the Buyers are stronger, it's gonna go up and the upper channel will be broken
but it's not enough...
can you see the harmonic pattern that i drew? (Look like a butterfly)
it's an obstacle for the Buyers. they have to have enough power to pass thru it ( which is unlikely)
let's Look at the sellers. so far, seller have had the wheel in their hands
my Bias is bearish as long as the upper purple line isn't broken
if the lower purple line is broken, you immediately Sell it because it's gonna go lower
i'll update you on this
Don't forget to Upvote & Follow
Stay Tuned...!
