4am cyclic time zones indicate the most frequent time of day for large selloffs. There is a large resistance line that we will meet overnight that should bring the price down to a higher low (rising support). The support line of post-6600 trends will hopefully hold the imminent crash.
Critical support of 6600 is from entrance of mainstream appeal in mid November. The price is currently riding and passing the critical resistance of the last selloff. This is the moment people, tell your friends!!
Seems that I cannot type this idea fast enough as the projected bull rush is IMMINENT. This morning we watched BTC fall from controversial low 7k levels all the way back down to the critical support of 6600. This critical support has more to it than it seems. 6600 was not just set at the drop in February, it truly was determined at the CVI minimum in November. I...
BTC has broken its resistance levels and continues to wow investors with the growing sentiment of buyers in the market. Within the past few weeks the price has finally flirted with the sub 6k resistances prior to the beginning of the initial volume uptrend of the crash. The bandwagon bears may have finally sold every last penny of profit since BTC became...
BTC has been holding today at the mid-6k critical support levels for the longest time since the selloff. In fact, this price hold is rather uncharacteristic of the bearish market patterns of the last few months. I tweaked the MA(100) to expose a more detailed periodic motion in the market. It's hard to deny the gut feeling that BTC prices should rebound. Emotions...
Given the periodic motion of the bearish BTC market in the prior week, we can expect a short rally to the low 7000s before the next selloff, which will test the critical support levels of the mid 6000s. As the price of BTC reaches mid-November levels, the market is reaching a crossroads. I expect the overcorrection in the market to rally back to the expected...
