As you can see, Bitcoin rejected perfectly at resistance (3.50) and bounced perfectly from Major Support line (1.70).
The chart explains it perfectly.
As long as things stay above that 1.70 level, I think this could be a significant S&R Flip, with Bitcoin showing strength as a hedge against inflation.
If it falls below 1.70, well... then I will assume a more bearish mid term stance.
MM.
The chart explains it perfectly.
As long as things stay above that 1.70 level, I think this could be a significant S&R Flip, with Bitcoin showing strength as a hedge against inflation.
If it falls below 1.70, well... then I will assume a more bearish mid term stance.
MM.