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BTC price was perfectly supported by by the blue trend line as seen in the picture above.
However, we did not see any significant reaction or bounce at this level.
Retesting the trend again and again will eventually break it, so be prepared with two situations shown below.
We have the 20MA, 50MA and 200MA above current price, also being below the Log trendline
indicates a very high likelihood of retest of the lower logarithmic line at 36.5K
Super short conclusion for my buddy @Thenewlegend❤️😊
- If we make a daily candle close below 39.5K, we are surely retesting 36.5K
- Even if BTC starts to pump, wait for a candle close above 44K, a fakeout is very likely as shown in chart below.
- I'm personally DCA into my coins with only spot buys, and ready to add more to my bags if we retest 36.5K, instead if we begin to pump, i will be taking significant profits at 43.5K region!
I'm happy to be officially back on Banter BBS. Thankyou so much to everyone who trust in me so much and always there to support me!😊❤️❤️❤️
You all are a gem to me, really happy to have friends like you.
If you are unaware what i'm talking about, this post explains it all Click here! 👈
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