As illustrated, I'm trying to visualize a potential rebound off of the 100SMA that matches the resistance line of what looks to be an ascending triangle that has been broken and retested.
Price is showing support at such line that happens to overlap with the 100SMA.
I might be "wanting to see" bullishness in the market, but you be the judge of these observations.
The long rejection wicks at the bottom seem manipulative... almost as if there was selling pressure to shake off HODLERS and new investors (?) ...
Will the US approve the famous BTC reserve? ...
Price is showing support at such line that happens to overlap with the 100SMA.
I might be "wanting to see" bullishness in the market, but you be the judge of these observations.
The long rejection wicks at the bottom seem manipulative... almost as if there was selling pressure to shake off HODLERS and new investors (?) ...
Will the US approve the famous BTC reserve? ...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.