rareinvesting

rareinvesting

Appears to have developed a structure of possible support and resistance lines that trace back to before BTC cracked above $20k (USD). Want to watch how this pattern develops. Would be no more surprised to see BTC above $25k or below $22k in coming days.

rareinvesting

Appears first structure forming and going into test of immediate support & resistance. Don't be surprised if what stimulus talks do by end of today influence Crypto movements over weekend.

rareinvesting

Comment: Very important movement. We don't have historical price markers now so technical analysis becomes a bit more challenging. We can draw an ascending line up to the point of first noticeable resistance today (essentially $20,900). This will be important. Longer term traders should not be disheartened if we see BTC drop back to test area around previous ATH...

rareinvesting Updated 

Apparent day bar closing above flag shape