💥 Making a quick follow up on the earlier idea of Bitcoin's retrace. We've lost the 200 EMA on the minute chart and we're gonna be looking to that $22,760 mark of support. What we are looking for is to see whether or not we'll find support here and regain ground or continue to retrace which is still very much in the picture as we haven't even come yet close to our 200 EMA on the 15 minute chart and that'll have to be done at some point.
💥 Whether or not that point is in the next few days or hours is likely dependent on how strong buying pressure is right now but Bitcoin's moving a lot slower with lower volumes as buyers and sellers get hesitant now grappling to figure out the next move. We extended this fall though to $22,670 which is exactly that first point of support I'd marked in the previous idea so I'm humbly happy with that coming true.
💥 Next though is whether or not we regain support or continue to retrace by which then $22,260 is the next points I'd take in to consideration. I'll leave the idea here for now but thanks for tuning in to read my observation as always! If you'd like to leave a like or follow to keep posted for more it'd definitely be appreciated, thank you and below is the previous idea next to the current updated chart for visual readers.
~ Rock '
💥 Whether or not that point is in the next few days or hours is likely dependent on how strong buying pressure is right now but Bitcoin's moving a lot slower with lower volumes as buyers and sellers get hesitant now grappling to figure out the next move. We extended this fall though to $22,670 which is exactly that first point of support I'd marked in the previous idea so I'm humbly happy with that coming true.
💥 Next though is whether or not we regain support or continue to retrace by which then $22,260 is the next points I'd take in to consideration. I'll leave the idea here for now but thanks for tuning in to read my observation as always! If you'd like to leave a like or follow to keep posted for more it'd definitely be appreciated, thank you and below is the previous idea next to the current updated chart for visual readers.
~ Rock '
