A. We have a downward sloping resistance from 69k which has kept us down.
B. we held the 2020 support on the weekly time frame.
C. These two are now converging and by friday/saturday we will see wether we break the downward sloping resistance or will we break support. we need to hold the $50 400 mark by friday. If we are even @ $49 000 by friday, that could lead to a weekly close below this 2020 support which will be the first time that has happened since 2020 and to me that could be scary.
D. If we do pump I expect a rally towards $53 000 but i do believe we will see downwards pressure until we get closer to the apex of when these two trendlines converge.
This game is not easy but so is everything else in life, always remember not to believe others if you have not done your own work aswell, goodluck to all
B. we held the 2020 support on the weekly time frame.
C. These two are now converging and by friday/saturday we will see wether we break the downward sloping resistance or will we break support. we need to hold the $50 400 mark by friday. If we are even @ $49 000 by friday, that could lead to a weekly close below this 2020 support which will be the first time that has happened since 2020 and to me that could be scary.
D. If we do pump I expect a rally towards $53 000 but i do believe we will see downwards pressure until we get closer to the apex of when these two trendlines converge.
This game is not easy but so is everything else in life, always remember not to believe others if you have not done your own work aswell, goodluck to all