I'd like to see a long downward wick into the demand zone on sustained high volume sessions and a breakout and retest of the downward trend line and/or key local R/S levels. I will not become confident in a trend reversal until R/S flips occur.
Reference Aug 11 - continuous high-volume sessions were not sustained and the price bleed-out began.
I've set some limit buys around .07c and a few between .03-.04c in the event of a major BTC correction -- keeping my eye on the next ~$48K retest, if we aren't able to break it - be prepared to see ~$40-42K and ALTs to run with it.
Reference Aug 11 - continuous high-volume sessions were not sustained and the price bleed-out began.
I've set some limit buys around .07c and a few between .03-.04c in the event of a major BTC correction -- keeping my eye on the next ~$48K retest, if we aren't able to break it - be prepared to see ~$40-42K and ALTs to run with it.
Commentaire:
Range low support flipped to resistance after the multi-day BTC dip. It appears purchase volume reverted to the mean so it may take consecutive days to accumulate under resistance before the next move up.
