Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dragonvslinux
on 03/12/2020, 14:41:13 UTC
⭐ Merited by Toxic2040 (1)
Today I feel that Bitcoin may just need a little encouragement in the short-term, something like "you can do it!" or "go on, take a leap of faith" might work.
Or more realistically, one smallish whale giving it the push in the right direction could be all that needs to happen:



Otherwise, failing to move back into the resistance area soon, we may just need to be a little more patient, make another higher low again around the VPVR ($18.6K):

Price held the $18K support level, for now establishing a bullish higher low, while now re-testing local resistance. The trend remains bullish with old resistance now confirmed as support.



Patience is a virtue.