Hey guys! Wishing everybody well as always.
Just gonna be quick with this but basically Bitcoin broke through that new support mark we had just put down basically and right now is gonna be one of those crucial points by which you guys should watch and keep note.
If Bitcoin can't pull itself back up to $22,777 or at least find enough support to pull us up and hold us over that threshold then we could continue seeing this fall happen. Though the chances are perhaps relatively slim with strength growing by the day it's important to note that we did see a few big Bitcoin sell's hit the market signaling that some whales may have sold a bit of their holdings if not all for some out of caution or in a bid to push Bitcoin further down.
After all it was that 100 Bitcoin volume candle as shown above which pulled us down and that's a good thing to note since we know that we we're more impulsively pulled down rather than naturally so a pull back up is definitely possible, but our next issue is that those EMA's are still flipped downward and it'll take some ral strong pressure to get those flipped which is what we basically just need right now in order to get some grip on this mountain. Not to mention that we'd already lost that 200 EMA as I keep saying which is so crucial. We need to claim these EMA's back but the further we get from the 200, the longer it may take to get back up to those points so simply keep note and watch.
Gonna leave the idea there but if you'd like to leave a like or follow it'd be much appreciated, thank you so much!!
~ Rock '
Just gonna be quick with this but basically Bitcoin broke through that new support mark we had just put down basically and right now is gonna be one of those crucial points by which you guys should watch and keep note.
If Bitcoin can't pull itself back up to $22,777 or at least find enough support to pull us up and hold us over that threshold then we could continue seeing this fall happen. Though the chances are perhaps relatively slim with strength growing by the day it's important to note that we did see a few big Bitcoin sell's hit the market signaling that some whales may have sold a bit of their holdings if not all for some out of caution or in a bid to push Bitcoin further down.
After all it was that 100 Bitcoin volume candle as shown above which pulled us down and that's a good thing to note since we know that we we're more impulsively pulled down rather than naturally so a pull back up is definitely possible, but our next issue is that those EMA's are still flipped downward and it'll take some ral strong pressure to get those flipped which is what we basically just need right now in order to get some grip on this mountain. Not to mention that we'd already lost that 200 EMA as I keep saying which is so crucial. We need to claim these EMA's back but the further we get from the 200, the longer it may take to get back up to those points so simply keep note and watch.
Gonna leave the idea there but if you'd like to leave a like or follow it'd be much appreciated, thank you so much!!
~ Rock '
