Crypto analyst Josh Olszewicz shared signals that everything may be over for the crypto market in his latest analysis.
Josh Olszewicz shared an analysis on social media dated April 14 which unsettled crypto investors. Utilizing a trend indicator called the “Kijun line,” the experienced analyst pointed to an event not seen since June of last year.
Last weekend’s declines brought Bitcoin into contact with the Kijun line for the first time since June, and he expressed that if a daily close below this line is seen, all bullish hopes may be over. Still, he mentioned that the triple top price structure could be a sign of a reversal in the downtrend:
Since the break at 43,000, the first Kijun touch attempting to confirm with an annual pivot pin bar occurred today. While this is a risky indicator, it shows the previous triple top price structure reversing the downtrend
