Well-Defended Lines

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I often refer to the crypto space as very “chart friendly”, and once again, this has been demonstrated by the coins themselves. I find it absolutely remarkable how well-defended these support lines are, although it should be no surprise, since the “whales’ behind crypto know all too well that if major support breaks (which is basically $29k on Bitcoin), then it’s bombs away. Just look at these:

The springs on farmhouse doors don’t last forever, and neither will these lines. For the immediate moment, it looks like the crypto crowd might get a desperately-needed bounce.