Hey guys! Wishing well as always.
🔥In yesterday's idea we told you about the retest that we had in a way failed and would need support to kick in following that to push us upwards, So far we've seen two retest happen within the past 24 hours basically and both we're met with that strong resistance right up at 0.38420 falling back below that 0.383 point which we needed to stay above for a continuation.
🔥Here's the bigger picture chart to show the retest of both mountains and what happened when the retest failed for the first mountain.
🔥This current mountain looks to have way more action going on but we can clearly see these big sell orders/whales in the very least selling a lot against us in their own bids to push us down and have us lose 0.378 which we've fallen below twice now. That in itself isn't a positive sign at all And on top of that our 20 /50 EMA's have flipped in to the bad position.
🔥0.3768 is that next zone we need to stay above should we fall further as that's our next overall trend line of support, we already saw our latest candle wick just almost touch that point so we need to hold above that in the very least right now and hopefully see those EMAs flip so that we can avoid losing that 200 EMA which would be rough to see once again.
🔥Gonna leave the idea here but hopefully we can see support kick in though a lot of that of course is gonna depend on what Bitcoin itself does as well as you can bet most of the market is watching Bitcoin for it's next move and soon enough we'll see that I'm sure.
🔥Thank you so much for tuning in, if you'd like to leave a like or follow it'd be much appreciated. Simply doing what I enjoy and have been doing for up to three years now, wishing nothing but the best to each and every single one of you guys, even if you don't leave a like or follow, you best have an amazing day.
~ Rock '
🔥In yesterday's idea we told you about the retest that we had in a way failed and would need support to kick in following that to push us upwards, So far we've seen two retest happen within the past 24 hours basically and both we're met with that strong resistance right up at 0.38420 falling back below that 0.383 point which we needed to stay above for a continuation.
🔥Here's the bigger picture chart to show the retest of both mountains and what happened when the retest failed for the first mountain.
🔥This current mountain looks to have way more action going on but we can clearly see these big sell orders/whales in the very least selling a lot against us in their own bids to push us down and have us lose 0.378 which we've fallen below twice now. That in itself isn't a positive sign at all And on top of that our 20 /50 EMA's have flipped in to the bad position.
🔥0.3768 is that next zone we need to stay above should we fall further as that's our next overall trend line of support, we already saw our latest candle wick just almost touch that point so we need to hold above that in the very least right now and hopefully see those EMAs flip so that we can avoid losing that 200 EMA which would be rough to see once again.
🔥Gonna leave the idea here but hopefully we can see support kick in though a lot of that of course is gonna depend on what Bitcoin itself does as well as you can bet most of the market is watching Bitcoin for it's next move and soon enough we'll see that I'm sure.
🔥Thank you so much for tuning in, if you'd like to leave a like or follow it'd be much appreciated. Simply doing what I enjoy and have been doing for up to three years now, wishing nothing but the best to each and every single one of you guys, even if you don't leave a like or follow, you best have an amazing day.
~ Rock '
