Quote from: xypos on September 06, 2021, 01:05:28 AM

Resistance no longer.

I actually think that if we see some bullishness in the coming days, $50k can actually be established as support.

The crypto markets are more mature now and the volatility indices have dropped off quite substantially, and I think that there is virtually no way we are going below $50k for an extended amount of time now.

- Just when we thought resistance was gone and ready for a new season, the sellers started creating a new resistance and it was only slightly above the old resistance but frustrating enough for the buyers, bitcoin has once again been pushed back to the old ranges by resistance and a large amount of money has been liquidated. Based on the blinking red candle in the moment, the bullish frame has completely disappeared and fallen into the red zone, showing a weakness of the buyer position, it's hard to believe this is only a few hours after we're satisfied with a good week ahead of bitcoin