BTC Bear Mode Still In Effect
We're still in this downward channel. Those are the next supports.
The Yellow support is there because there's a major volume gap at that price range. Volume gaps act as support/resistance, just look at the massive volume gap there at about $11,700.
I believe once we break down to 8900ish we will come up and retest 9600ish then continue down, but nothing is certain.
Let's see if this next major leg down will give us a higher low or a lower low. Watch for FUD. Govts., Banks, & Media will be talking nonsense and normie derps will panic like always.
I like how we got some small -div at the top of this last move when we touched the trend line. (Small blue lines point out the -div)
I apologize for the hiatus.
The Yellow support is there because there's a major volume gap at that price range. Volume gaps act as support/resistance, just look at the massive volume gap there at about $11,700.
I believe once we break down to 8900ish we will come up and retest 9600ish then continue down, but nothing is certain.
Let's see if this next major leg down will give us a higher low or a lower low. Watch for FUD. Govts., Banks, & Media will be talking nonsense and normie derps will panic like always.
I like how we got some small -div at the top of this last move when we touched the trend line. (Small blue lines point out the -div)
I apologize for the hiatus.
Note
Forgot to mention I still think we can/will retest $10185-$10070 within the next 12 hours.Note
Also, 12 hour has a TD 9 Buy Setup that'll close in 12 hours. Same time we get a new daily candle. Let's see how this plays out.
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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.