Buyers were used to try rallying Bitcoin to the natural 382 level after an important dip and a massive quick sell.
Let us see if buyers are still reproducing this 382 retest, if they are stronger (goes above 382) or weaker (cannot reach 382).
This is a way to check how powerful the buyers are after this very important sell off (that could have been the capitulation, who knows), if they are willing to retry giving a chance to this asset now after such a dip, or not.
Let us see if buyers are still reproducing this 382 retest, if they are stronger (goes above 382) or weaker (cannot reach 382).
This is a way to check how powerful the buyers are after this very important sell off (that could have been the capitulation, who knows), if they are willing to retry giving a chance to this asset now after such a dip, or not.
Note
Let's see how this local ascending triangle evolves
Note
Already broken, still unstable and possibly very weak.Note
blocked by 786, much weaker than expectedbulls seem absent
maybe they are about to retry, but this is unlikely
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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.