BTC - loss of support. Lower than pump?
Well no pumping it apparently... BTC has lost daily support and the bottom of the broadening descending wedge pattern I have been following.
From here I think we go to 46k and see if bulls can lock in 4HR divergence there. and create a nice double bottom, I would like to say we pump hard from there but it's looking more and more like a bit of consolidation/re-accumulation at these levels.
I still don't think where in a bear market, we're still in an uptrend and haven't lost the bi-weekly support area.
Plenty of fear in the market, trade safe, manage your risk.
Have a great day.
From here I think we go to 46k and see if bulls can lock in 4HR divergence there. and create a nice double bottom, I would like to say we pump hard from there but it's looking more and more like a bit of consolidation/re-accumulation at these levels.
I still don't think where in a bear market, we're still in an uptrend and haven't lost the bi-weekly support area.
Plenty of fear in the market, trade safe, manage your risk.
Have a great day.
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