Dear followers and new viewers,
Welcome to the channel. I really wanted to get this piece of evidence out there before BTC plays through with the downtrend. Like and follow at your own will I enjoy studying markets on my free time and would enjoy hearing feedback.
Please let me know in the comments what you all think as well, open to new ideas.
~MC
After a spectacular fall (of 88%) all the way back to covid pandemic low, TWST appear to have found bottom @ abt $25 on 12th May and then retested this level again on 13 June. There were some signs of high volume accumulation on days following these low.
The 21day moving average has recently crossed above the 50 day moving average and RSI is now showing strength...
Let's see how BTC is behaving.
This is a 1D chart. (Mid Term)
The upper Bollinger band has rejected BTC, and now it's sitting on support. If that local support is strong enough, we would see another pump to the following local resistance.
Support levels: $41369
Resistance Area: $50542
Bollinger Bands can work as support and resistance too. Here is an...
