Hey guys! You already know what's up! Let's dive in and get you set up.
đź“ŚWe can already see by the marked indicators which we've had down now those points at which Bitcoin dealt with support as well as real strong resistance this month alongside insane volatility. Bitcoin had it's relatively quick impulse rally earlier before being shoved down as whales sold a lot of the crypto they had bought to help cause the rally in the first place.
đź“ŚAll of that activity then brought us down to a real level of support which was $20,700-800 which was a previously marked indicator we had down. I removed the indicator to make things simpler for you to see but basically we saw that strong support kick in there again as we've already seen once before in past trading action so at least we can be sure of that point.
đź“ŚFollowing up on that we can see the strong resistance we've got at $23,323 which funny enough is one of my favorite numbers so that was very interesting to see. While we did hit $24,000 in the previous mountain that was again mostly thanks to whales buying these huge quantities and pushing us up artificially. And just as it went up artificially it came down in the same manner with some huge moves that pulled us down as more and more of these whales sold.
đź“ŚAll that aside we did manage to get the 200 EMA to enter our mountain again so that was wonderful to see and has propelled us to where we are at now! But keep in mind just what it was that caused us to gain that 200 EMA. I mean it's literally a massive Bitcoin candle consisting of 750 Bitcoin's worth of trading volume alone. Either one or a few massive whales bought in and that again is something I want you guys to watch for just as I was warning you guys with the previous mountain. We love seeing things go up naturally, when they go up like this it's great but opens up the volatility and fall risk significantly more as it's thanks to a select big few we can see those moves and they can do the very opposite just as easily.
đź“ŚI'm gonna leave the idea here but watch on the lower time frame for those 20 /50 EMA's again as well as that descending channel which I've added now as we could potentially see that come into play again should we get dragged down like that. Personally I don't see it happening very much but it's something else to consider and be mindful of.
đź“ŚThank you guys for tuning in today and wishing nothing but the best! I appreciate everything and hope everybody has an amazing day. If you'd like to leave a like or follow it'd be very much appreciated! I give each and every single idea the best that I can. Thank you.
~ Rock '
đź“ŚWe can already see by the marked indicators which we've had down now those points at which Bitcoin dealt with support as well as real strong resistance this month alongside insane volatility. Bitcoin had it's relatively quick impulse rally earlier before being shoved down as whales sold a lot of the crypto they had bought to help cause the rally in the first place.
đź“ŚAll of that activity then brought us down to a real level of support which was $20,700-800 which was a previously marked indicator we had down. I removed the indicator to make things simpler for you to see but basically we saw that strong support kick in there again as we've already seen once before in past trading action so at least we can be sure of that point.
đź“ŚFollowing up on that we can see the strong resistance we've got at $23,323 which funny enough is one of my favorite numbers so that was very interesting to see. While we did hit $24,000 in the previous mountain that was again mostly thanks to whales buying these huge quantities and pushing us up artificially. And just as it went up artificially it came down in the same manner with some huge moves that pulled us down as more and more of these whales sold.
đź“ŚAll that aside we did manage to get the 200 EMA to enter our mountain again so that was wonderful to see and has propelled us to where we are at now! But keep in mind just what it was that caused us to gain that 200 EMA. I mean it's literally a massive Bitcoin candle consisting of 750 Bitcoin's worth of trading volume alone. Either one or a few massive whales bought in and that again is something I want you guys to watch for just as I was warning you guys with the previous mountain. We love seeing things go up naturally, when they go up like this it's great but opens up the volatility and fall risk significantly more as it's thanks to a select big few we can see those moves and they can do the very opposite just as easily.
đź“ŚI'm gonna leave the idea here but watch on the lower time frame for those 20 /50 EMA's again as well as that descending channel which I've added now as we could potentially see that come into play again should we get dragged down like that. Personally I don't see it happening very much but it's something else to consider and be mindful of.
đź“ŚThank you guys for tuning in today and wishing nothing but the best! I appreciate everything and hope everybody has an amazing day. If you'd like to leave a like or follow it'd be very much appreciated! I give each and every single idea the best that I can. Thank you.
~ Rock '
