Orks vs Mankind.
Bears vs Bulls.
A battle to decide the upcoming months.
The shadow over Mordor grows larger and larger each time the price gets repelled by negative trendlines and hope seems to fade in our darkest hour.
But... there IS hope.
The lower bound Logarithmic Growth Curve has given Bitcoin Support in the last 10 years. But will it stand strong, or...
Some pretty intense battle going on for BTC atm. There are two major bear and one strong bull trend line.
Who wins? Who loses? Who knows.
But there will be some big moves in the upcoming days/weeks!
Stay tuned :)
We have seen a significant drop the last couple of day but at the same time we saw some strong support.
The 50-week MA acted as a strong support like it did back in June 2021.
Additionally, the Bitcoin Log Curve Zones seem to also be providing strong support. They also did that half a year ago.
The current downtrend and the lower zones seem to also form a nice...
Yeah I think as long as we stay above the 21 EMA we are fine. We kind of tested it today but I would guess we will retest it in the upcoming hours/days.
Until we are above that line I remain bullish.
Tell me your opinion :) Also I need some upvotes to finally use the chat, thx.
Fellow ape here that does not know anything about the market and just sees lines and trends.
Chart is green until chart hits line then maybe more red till other line comes.
Thanks for listening for my ted talk.