Hello, a lot people are preparing for a dump, but a lot strong support zones are holding bitcoin above right now.
Support: 1. Yellow diagonal fibonacci channel. Starts since the beginning of Bitcoin. Fibonacci 0.786 at $7800 is support. 2. White horizontal fibonacci channel. 0.618 at $7606 3. Daily 377 EMA at ~$7800 4. Weekly 50 EMA at ~7860 4. My indicator "Scalper" is showing me a beautiful falling wedge on the 4 hourly, which is a bullish pattern.
Will share in the comments a Chart in which you can see the whole view of my fibonacci channel
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As you can see.. the yellow line did break out of that falling wedge.. lets see if this has to mean something. Next close might be interesting