This is an update to my previous Idea linked below. Previously on 4H chart. I've zoomed out to a 1D chart to get some greater perspective.
BTC failed to break its resistance - indicating an inevitable downward movement.
Then came Elon's tweet, catalyzing the downward momentum.
I don't really think his tweet had much to do with this drop as TA already told us to expect it.
I view his tweets as catalysts to what is already expected as per TA.
On the chart, I've delayed the time estimated to reach "spring".
Using the 1D RSI I'm more confident that we will likely break support in the week to come before trending up for the long term.
My ideal price movement is marked in green.
Comments and criticism welcome
BTC failed to break its resistance - indicating an inevitable downward movement.
Then came Elon's tweet, catalyzing the downward momentum.
I don't really think his tweet had much to do with this drop as TA already told us to expect it.
I view his tweets as catalysts to what is already expected as per TA.
On the chart, I've delayed the time estimated to reach "spring".
Using the 1D RSI I'm more confident that we will likely break support in the week to come before trending up for the long term.
My ideal price movement is marked in green.
Comments and criticism welcome
