Crypto analyst Josh Olszewicz included signals that everything might be over for the crypto market in his latest analysis.
Josh Olszewicz shared an analysis on social media dated April 14 that unsettled crypto investors. Utilizing a trend indicator called the “Kijun line”, the experienced analyst mentioned an event that hadn’t occurred since June of last year.
He stated that last weekend’s declines pushed Bitcoin into contact with the Kijun line for the first time since June and if a daily close below this line is seen, all bull hopes may be gone. Nevertheless, he mentioned that the triple peak price structure might be a sign of the reversal of the downtrend:
Ever since the break at 43,000, the first Kijun touch trying to confirm with a tweezer bottom on the yearly pivot happened today. While it’s a risky signal, it signals a reversal of the downtrend in the previous triple peak price structure
