We are in the context of a local downtrend, sellers are still in control. Springs in a downtrend are low probability setups. Demand is not able to produce a Change of Behavior.
I hope it will hold, we'll see.
victormvf
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Nice look / chart. I think BTC will bounce off the trend line or go fail and down through it :) Just kidding. In all seriousness on the daily chart here believe it will bounce this support (maybe even a couple times) and fail in the days or week ahead??
FibonacciTheGreat
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@victormvf, very possible! Lets seee. Hope it will hold tho
victormvf
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@FibonacciTheGreat, Yes the market will tell us where it wants to go? If you want it to hold, I hope that happens for you. I'm sure you're smart and disciplined enough to protect or profit from whatever may transpire as well as the young men and women who follow your ideas. Love your posts and ideas. All the best.
We are in the context of a local downtrend, sellers are still in control. Springs in a downtrend are low probability setups. Demand is not able to produce a Change of Behavior.
I hope it will hold, we'll see.