btcusd are we going to see the 20k drop

Well guys we have done a lot of analysis and case studies to get us to this point

lets take a look at all the info and see if we will see a drop to 20k based on all info we have at the current moment.

looking at info to support the 20k drop

so guys what do we know so for.

the obvious one is the death cross on the daily time frame.

we also noticed that the actual movement is happening more on the weekly time frame.
i think this rings more true with the ascending wedge pattern that is highly visible on the daily time frame.

we also know that a box range was formed indicated by red lines.
the Bollinger bands on the daily time frame confirms this idea nicely.

we also noticed that the first 5 bounces from 30 000 level up to 38 000 to 40 000 has created a hidden support level that is current confirmed with the ascending wedge pattern that is unable to break above the 35 000 level.

if we look at the Bollinger bands in combination with the ichimoku cloud on the daily time frame we see that the movement of the upper band is following a bottom line of the cloud formation indicating a possible resistance level confirmation and drop.

the red and green arrows shows us a possible flip in strength from bulls having strength to hold the 30k level to bears slowly winning the battle for control here.

on the other hand we see a slow build up of bullish power
we have been seeing breakouts on the 1h to 4h ichimoku cloud with higher time frames taking control.

with this said looking at the daily and 4h time frame
we could say that the drop to 30k or lower will happen on the daily time frame .

we will have to wait and see if a drop signal appears once the market gets close or reach a approximate level close to the drop signal.

we also have a zone that I am calling the red zone where we have seen some heavy breakouts and drops over the past week .

this zone also confirms a shift in polarity for btc.
in terms of the ascending wedge pattern we are seeing right now.


so guys overall the risk is high as tension increases between the bulls and bears.
I do think this slow down of movement could just be a sign that we are getting close to a break out.

SO GUYS KEEP YOUR EYES ON THE COIN
AND TRADE SAVE.