The daily has just closed and things are not all that bad. We can see movement within an ascending triangle. This will need confirmation with the closeout of the next day candle. There is still opportunity for BTC to find a local low. The upward movement from the bounce around 10.4 k combined with bb width and rsi showing oversold is leaving me with an inclination that we will see a green daily. However, there is a chance that the bears will keep up their fight. In which case, I showed the levels of support that I found.
These are pretty strong and Support 2 is where the 1 week ema 20 is residing. Please be reminded that the 1 week EMA 20 has not been crossed since bitcoin was in the mid 200s!
With all of that aside, I am watching this pretty closely and em excited to see where things go. Eyes are on how this next daily closes.
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Looks like BTC will be moving down to test that support 1 at $11,600.
Looks like the wedge is forming with support and the yellow line. Remember, every little bit of price drop is a discount and an opportunity to acquire.
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Found support above the trend lines. It is now moving between channels.
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Has moved into white channel. Things are looking good. Cannot wait to see this bull run build.