ðĨQuestion of the hour is whether or not Bitcoin has failed the main test of managing to regain it's 200 EMA instead just barely skimming it before losing it and falling as it is right now. Price action is going ballistic both ways showing that both teams are fighting hard as they can to prevent one or the other from getting a grip as we battle July levels.
ðĨWhat happens here will make a big impact no doubt on whether or not we extend further down and possibly face $15,860 again if it comes down to that. Here's the 3 minute chart real quick:
ðĨCan see the point of the 200 EMA exit and what takes place basically and how that's brought us to the same point by which point this short rally started so whether or not we sustain here and get back up or fall further will determine one or the other likely. Either way it's gonna take a lot of effort and support to kick Bitcoin back up alongside Ethereum and the others but that'll let us see whether Bitcoin has possibly failed this test and will get back down to $15,680 or manage to regain it's footing which will no doubt be a feat.
ðĨIf you'd like to leave a like or follow it'd be much appreciated, thank you! Wishing well and the best as always. My ideas are simply observations as always.
~ Rock '
ðĨWhat happens here will make a big impact no doubt on whether or not we extend further down and possibly face $15,860 again if it comes down to that. Here's the 3 minute chart real quick:
ðĨCan see the point of the 200 EMA exit and what takes place basically and how that's brought us to the same point by which point this short rally started so whether or not we sustain here and get back up or fall further will determine one or the other likely. Either way it's gonna take a lot of effort and support to kick Bitcoin back up alongside Ethereum and the others but that'll let us see whether Bitcoin has possibly failed this test and will get back down to $15,680 or manage to regain it's footing which will no doubt be a feat.
ðĨIf you'd like to leave a like or follow it'd be much appreciated, thank you! Wishing well and the best as always. My ideas are simply observations as always.
~ Rock '
