Range
Resistance: +-102k
Midline: 100k (also swing high on daily and mental level)
Support: +-97k
Leverage wipe-outs -> buy: 92.8k
Short term
Everything above 100k is bullish side of range
Everything under 100k is bearish side of range
So multiple issues here:
If we follow the path of the price action, we would want the daily to close above the red resistance line to stay bullish. The daily closed below resistance. Which means the resistance is resisting.
Because of the resistance doing it's job, we are now looking at a lower low on the daily timeframe.
The dotted line is IMO a shitty...
In recent discussions, we've identified a potentially lucrative moment to diversify into altcoins, particularly meme-themed cryptocurrencies like PEPE coin, which have shown unique market behaviors this cycle. For background on the broader market context and Bitcoin's current state, you can refer to my previous analysis:
This post outlines a new position with a...
