Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Here's an interesting observation I made
there's a support trend line that dates back to October and has 6 touches ever since then, and the recent drops to 6k and 6.6k line up perfectly with it - if the price heads down towards it these days they'd meet around 6900
this is the weekly timechart btw
https://screenshotscdn.firefoxusercontent.com/images/a8c106a1-bda7-4214-bacd-e458ee6410a6.png
there's a support trend line that dates back to October and has 6 touches ever since then, and the recent drops to 6k and 6.6k line up perfectly with it - if the price heads down towards it these days they'd meet around 6900
this is the weekly timechart btw
https://screenshotscdn.firefoxusercontent.com/images/a8c106a1-bda7-4214-bacd-e458ee6410a6.png
I've been expecting something along those lines as well, but the time frames would have to be slightly adjusted. IF we break the 7k strong support levels we should only see the 6ks two weeks from now. And (again, IF we hit so low) I could bet my *** that the big bounce up will be around that level too.