Hello Traders!
This is a J pattern formation a hard drop like this only happens when there is a J pattern Formation we might see a retracement now but the drop is just a start of big dump. This First Half of the Year does not look good for crypto holders.
If we see a correction now, what I mean by correction is any kind of pattern It can be a triangle, rising channel, wedge pattern or any pattern then it is a strong confirmation that bitcoin is Losing strength and after losing the strength the first support is at 20,000$.
There are three different types of Formation that we can see after the J pattern Formation. See the charts posted below so you can understand J pattern formation Better.
This is a Type of Formation where First support doesn't work and it keeps falling
Start of J pattern
A Correction pushed the Market more upside but in the end it went for the support
A real Drop after the J pattern
What Happens after it found support?
This is All three Formations for you
You can see How strong this Formation is.
Hit the like button To support this idea.
This is a J pattern formation a hard drop like this only happens when there is a J pattern Formation we might see a retracement now but the drop is just a start of big dump. This First Half of the Year does not look good for crypto holders.
If we see a correction now, what I mean by correction is any kind of pattern It can be a triangle, rising channel, wedge pattern or any pattern then it is a strong confirmation that bitcoin is Losing strength and after losing the strength the first support is at 20,000$.
There are three different types of Formation that we can see after the J pattern Formation. See the charts posted below so you can understand J pattern formation Better.
This is a Type of Formation where First support doesn't work and it keeps falling
Start of J pattern
A Correction pushed the Market more upside but in the end it went for the support
A real Drop after the J pattern
What Happens after it found support?
This is All three Formations for you
You can see How strong this Formation is.
Hit the like button To support this idea.
Note
Another Example 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.