Its a fair point, failure to the downside can be inversely bullish.    If we cant go down then many will try some bullish trade.   Failure to the upside definitely appears at times and spotting it before the bigger sell can be useful to say the least.
   I'd say weeks more then just days matters, also I drew in 108k but its close enough its the same if you draw with crayons it keeps things simple

So I got 2 points here for this place of possible significance, days complicates and its not as clear a picture.  Keep it simple stupid is my preference; weekly bars best.    Also any given day can be a news event, a working week is both more volume and often some resolution with some trades not held over a close such as a weekend.

 So 2 pts of interest to note recently, prior 5 pts we wereBTC price action was near to 108k in the periodthrough spring close into summer and it was at that time finding a ceiling of resistance and we eventually broke through.
  The constant attempts to break up there resolved bullish, we broke the ceiling so here I have to watch we dont do the same in reverse and break downwards.  Got to consider the negative remains possible still.

The one line response would be in reference to the 50 day average, its descending and far more certainty would exist if we had that as positive momentum.   We haven't recovered that level yet so the whole question is only maybe.

Its a fair point, failure to the downside can be inversely bullish.    If we cant go down then many will try some bullish trade.    Failure to the upside definitely appears at times and spotting it before the bigger the sell can be useful to say the least.
   I'd say weeks more then just days matters, also I drew in 108k but its close enough its the same if you draw with crayons it keeps things simple

So I got 2 points here for this place of possible significance, days complicates and its not as clear a picture.  Keep it simple stupid is my preference.  So 2 pts of interest to note recently Also any given day can be a news event, 5 pts we near to 108k in spring into summer and it was at that time finding a ceiling of resistanceworking week is both more volume and we eventually broke throughoften some resolution with some trades not held over a close such as a weekend.

 So 2 pts of interest to note recently, 5 pts we were near to 108k in the period spring into summer and it was at that time finding a ceiling of resistance and we eventually broke through.
  The constant attempts to break up there resolved bullish, we broke the ceiling so here I have to watch we dont do the same in reverse and break downwards.  Got to consider the negative remains possible still.

Its a fair point, failure to the downside can be inversely bullish.    If we cant go down then many will try some bullish trade.   Failure to the upside definitely appears at times and spotting it before the bigger the sell can be useful to say the least.
   I'd say weeks more then just days matters, also I drew in 108k but its close enough its the same if you draw with crayons it keeps things simple

So I got 2 points here for this place of possible significance, days complicates and its not as clear a picture.  Keep it simple stupid is my preference.  So 2 pts of interest to note recently, 5 pts we near to 108k in spring into summer and it was at that time finding a ceiling of resistance and we eventually broke through.
  The constant attempts to break up there resolved bullish, we broke the ceiling so here I have to watch we dont do the same in reverse and break downwards.  Got to consider the negative remains possible still.