Users: sandunes: slopechart_$BTC.jpg

slopechart_$BTC.jpg

BTC - saving for the hysterical preservation aspect. 

Long term support holding for 7 days now. Loooooooooong term support. 

Anecdotal observations: I would like to have seen a violent rejection of that trendline. Given my perceptions of Bitcoin price movement in the past, I think price hanging out here is bad juju. 

There are other trendlines that can be drawn for support here, but they have to cut through the Covid low, which gets a little weird. Ignoring one off big prints for the sake of more sensible charting did not reap me rewards in the past. 

$13,800 seems like a nice target. $9,800 after that was the prior consolidation phase. After that I'ma wait and see, because price targets under those quickly drift into "WdahF U talkin 'bout brah?" territory. 

Happy Tuesday!

Image added via SlopeCharts
slopechart_$BTC.jpg

Comments

No comments yet.

...