#MarketDownturn All analysis is based on technical analysis
✅ On March 14, when the price of#BTCfirst touched the 73xxx area, I saw unusual signs such as:
- Frame W: RSI reached 85
- Frame D: RSI divergence, accompanied by a head and shoulders RSI pattern
=> This is a bad signal, it shows that the price is at a high level and can be adjusted.
👉 Analysis video here: https://t.me/legendarycapital/1657
👉 Then there was a drop from 73xxx to 60xxx
✅ On March 18, after the drop, I made another video and kept the price down view. But of course it will come with a rebound
👉 Watch the video here: https://t.me/legendarycapital/1705 or here https://t.me/legendarycapital/1756
The reason is that the price started to enter the distribution phase => the view down is still maintained.
✅ On May 15 and May 21, I made another video and still kept the view down.
👉 Video section 3 and 4 https://t.me/legendarycapital/2881
The reason is because I see#BTConly going up to get liquidity, on the W frame I see a favorable head and shoulders RSI pattern.
✅ On July 16 and July 30, I continued to make videos about#BTCand still kept the view down.
👉 Watch the video here: https://t.me/legendarycapital/2973 and here https://t.me/legendarycapital/3228
The reason is that I see#BTCgoing back up to the liquidity zone of frame D to continue to decrease.
Currently, I still keep the price view down.
The goal is to wait for the price to be in the large liquidity zone of 38xxx - 46xxx, because with my trading method: the price only goes from one liquidity zone to another.
=> That is also the reason why I have continuously viewed the price down from March until now. And that is also the reason why the Market has adjusted down, because for me, it needs a large liquidity zone to continue to push the price up.
What is your opinion?