Description
⋅ OVER THE PAST 21 DAYS THESE HAVE BEEN THE SUPPORT / RESISTANCE POINTS.
BTC, DECLINED ETF, NEGATIVE NEWS, HOWEVER PRICE ACTION IS STEADY.
KEY NOTES :
LOW VOLUME
SHORTS GOT LIQUIDATED (EASIER DROP)
SECOND SUPPORT (5.9) BEEN RETESTED 4 TIMES THIS YEAR (GETS WEAKER EACH TIME)
COULD TEST NEW LOW FOR 2018 - 4.95K IN THE WORKS OVER NEXT 45 DAYS.
THEN PUSHING UP.
CHART ABOVE, SHOWS SHORT TO 6 K AND SLIGHTLY BELOW FOR BOUNCE. CAREFULLY HOWEVER, FOR IF 6K DOESN'T HOLD. BITCOIN TANKS QUICKLY.