Did BTC really Crash or just a Bullish move ? IT IS BULLISH MOVE
So many people, including some "Experts" have called this Dip by BTC as a Crash, caused by inflation and / or the Fed
But it is NOT that at all, it is a perfect retest of resistance and here is why
https://www.tradingview.com/x/MQ6azLBE/
I have posted this chart a number of times here and it still stands, when PA crosses over that lower Bold line. PA is en-route to ATH.
PA has been bouncing along this line for a number fo weeks, failing to break over and stay above
This chart, daily, was taken just a little while ago
https://www.tradingview.com/x/JnKhX6s4/
And here we can clearly see that PA broke over that line of resistance and is now returning and tested it as support.
So far, we are holding above it
Should PA just range along this, we can see that Red 50 SMA coming in as support but this line we just crossed, if we can hold above...well.....It could be a Very nice christmas presant..
25 Dec....... You heard it here ;-)
Have a good one.
IF we loose support, there is plenty of support below...but have aplan incase.....always have a plan
But it is NOT that at all, it is a perfect retest of resistance and here is why
https://www.tradingview.com/x/MQ6azLBE/
I have posted this chart a number of times here and it still stands, when PA crosses over that lower Bold line. PA is en-route to ATH.
PA has been bouncing along this line for a number fo weeks, failing to break over and stay above
This chart, daily, was taken just a little while ago
https://www.tradingview.com/x/JnKhX6s4/
And here we can clearly see that PA broke over that line of resistance and is now returning and tested it as support.
So far, we are holding above it
Should PA just range along this, we can see that Red 50 SMA coming in as support but this line we just crossed, if we can hold above...well.....It could be a Very nice christmas presant..
25 Dec....... You heard it here ;-)
Have a good one.
IF we loose support, there is plenty of support below...but have aplan incase.....always have a plan
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