Bitcoin and MARA, the entire BlockChain sector have made new lows violating yesterday's lows then a reaction as if the purpose was to run stops, the 1/3 low 32.35 has held so far. Only a break of today's high then filling the gap down from 12/27 @ 40.78 (high preceding the gap) would be large enough to create a move of equal weight in the opposing direction. It's worth noting that important lows and highs often occur with the first 3 trading days of the month, and more so important is the first 3 trading days of the new year.
pechi123
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Closing the gap up at 32.89 would be bearish proving it was not a breakaway gap and more probably a fake out. If it holds it will leave a small sliver of a gap rather than the early morning gaping gap up statement that screamed Bullish.
pechi123
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The dividing line between the bullish and bearish case is today's high 35.48 and low 33.13, a break of this low makes a 3 wave move up to today's high and negates the immediate bullish case. Any further downside action breaking 31.45, then 30.55 will snuff out any potential bullishness and will point price towards the 5/13 low 18.32 or lower.
srp192
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absolutely sniped. i charted this the wednesday night, dec 22