Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Toxic2040 (1)
the evening wall report
Reality is beginning to sink in on bearish forces as shock and dissension permeates their ranks with some even capitulating to the seemingly endless bull advances.
Reality is beginning to sink in on bearish forces as shock and dissension permeates their ranks with some even capitulating to the seemingly endless bull advances.
This best describes the situation right now indeed
+1 WOM
4h
For those who like their micro-time frame analysis (I'm now considering the 4hr as micro given the Daily/Weekly bullish uptrend):
While bullish traders panic or take profits if the 21 MA or 200 Day MA is broken, the confluence of the following could find short-term support very nicely (as circled):
- 50 MA trending upwards in bullish formation with other moving averages
- Upwards trending old resistance trend-line being re-tested as support
- Long-term 0.382 fib retracement level as previous resistance
If I had any cash left, I'd be placing bids here for the short-term. Naturally, I don't though
