Hello to all my faithfull followers...I see you...all 15 of you. Lulz.
Anyways, up next in the lastest installment of "WTF is going on with BTC", I've attempted something rare, something dare I say it....sensible.
What we can see here is BTC being rejected by some various moving averages coinciding with volume support levels. Those actions in price result in what I like to think of as "happy little shapes" and further action by traders responding to those shapes and rejections and what not.
I wrongly called no bounce last night, there clearly was a bounce and I think that it will be the last one above 8k for a while. For now you can see points of support which will undoubtedly turn into areas of resistance in the even of any bounces.
Things may get interesting...very soon...
Good luck, charts are silly, don't forget to sleep and remember; It's dangerous to go alone, take a friend.
Anyways, up next in the lastest installment of "WTF is going on with BTC", I've attempted something rare, something dare I say it....sensible.
What we can see here is BTC being rejected by some various moving averages coinciding with volume support levels. Those actions in price result in what I like to think of as "happy little shapes" and further action by traders responding to those shapes and rejections and what not.
I wrongly called no bounce last night, there clearly was a bounce and I think that it will be the last one above 8k for a while. For now you can see points of support which will undoubtedly turn into areas of resistance in the even of any bounces.
Things may get interesting...very soon...
Good luck, charts are silly, don't forget to sleep and remember; It's dangerous to go alone, take a friend.