Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
OK! Knock knock dead on the line...
Not looking great...
Not looking great...
Last chance for a bounce before lower lows? Not as convincing as when previously at $46K levels. This is either the re-test of support, or the rolling over stage.
Otherwise with price getting rejected by $48K as is currently the case it opens the door for $46K and lower.
Back above $48K (volume point of control & 50 Week MA) and my mid-term bullish bias returns. The year ends tomorrow.
Likewise if the year closes below $48K support, price might be in trouble.
Should probably have extended this to end of week, but without price bouncing back by tomorrow, sounds about right now.
Well look at that! Seems we got a decent bounce. But now the question is what next... the volume and all the other signs are pointing to breaking down. And being the last day of the year coming up you would think the bears and bulls have a little shenanigans planned for the next 24-48... SUCH FUN watching the walls!
