So, within our channel we had quite the descending triangle breakout to no one's surprise took us to the high 7000s. Calls for a top ensued and the price continued to plummet.
BTC finally put in a decent bottom and built up enough momentum to put in a bounce.
I call everyone’s attention to our lowest close in the month of June. 6/6 resulted in a ~ 7730 close. What's interesting is a parallel puts this line insanely close to the bottom we put in at ~7712, 9/26.Counting that point as a ping, the descending channel / Bear trap looks a lot evident. The Ball is in Bull hands but important resistances to track : 8465, 8660, And 9300.
Important Moving averages as of today : 377e, 200 simple. The Blue 377 has reached our new bottom and the white 200 acts as a rising resistance top that we have already tested once as of today.
BTC finally put in a decent bottom and built up enough momentum to put in a bounce.
I call everyone’s attention to our lowest close in the month of June. 6/6 resulted in a ~ 7730 close. What's interesting is a parallel puts this line insanely close to the bottom we put in at ~7712, 9/26.Counting that point as a ping, the descending channel / Bear trap looks a lot evident. The Ball is in Bull hands but important resistances to track : 8465, 8660, And 9300.
Important Moving averages as of today : 377e, 200 simple. The Blue 377 has reached our new bottom and the white 200 acts as a rising resistance top that we have already tested once as of today.