(UPDATE) A Pattern I'm Seeing Since The Most Recent Low (BTC)
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Without a strong support line and such strong bearish sentiment from a majority of traders, why did we bounce off $7,810 so hard? *The volume spike at $7,810 could be whales propping up the price to create a bull market.
I'm seeing solid support between $8,000 and $7,800. BTC tapped off $7,810 and ascended back into my projected range (Green). Did the whales buy their long positions over the last 2 days in the $6,500-$7,000 range and now they're propping the market by buying the dips and KEEPING HIGHER LOWS?
I'm seeing solid support between $8,000 and $7,800. BTC tapped off $7,810 and ascended back into my projected range (Green). Did the whales buy their long positions over the last 2 days in the $6,500-$7,000 range and now they're propping the market by buying the dips and KEEPING HIGHER LOWS?
Nota
*Typo - price forecast is right around $7,330 (top blue line), not $7,420 like written on the chart.Nota
This forecast is holding true and we're about 2 hours away. Will need to see a push from the bulls, can't wait to see what happens!I'm seeing other simple patterns printed that coincide with this idea:
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