We can map BTC in play in 2 channels, one up-channel (from past 4 months) and one down channel (past month). Price is below .236 of both channels.
This correlation provides a bit heavier resistance.
Support - the bottom of both channels - hits in the 83xx range (as well as previous support/resistance).
Without some heavier buying pressure, this looks like it may drop a bit more. But hey, I may be bat-sh|t crazy, who knows :P
Just a thought, be careful out there traders
This correlation provides a bit heavier resistance.
Support - the bottom of both channels - hits in the 83xx range (as well as previous support/resistance).
Without some heavier buying pressure, this looks like it may drop a bit more. But hey, I may be bat-sh|t crazy, who knows :P
Just a thought, be careful out there traders
Comment:
Boy was I wrong lol. Oh well, Bitcoin gonna do what Bitcoin gonna do. No big deal, I wasn't in a trade, although had buys set lower (and still do, but will move them up depending on where this rally ends)