BLOK @accumulation support also suggest a shortterm low for BTC
BLOK is an ETF that includes MSTR, & miners like MARA & RIOT which have also risen recently specially MSTR.
This meaningful bounce at an important support zone suggest a shortterm low & probably a reversal. However, considering the damage, it will take quite a while to repair this chart before any hope of getting back to major resistances.
My case for a reversal now: the big M-pattern has likely completed with stops at important FIB levels.
20 is a strong support & breaking below this will see a fast fall to 13.
Prices have been trying to break the GANN FAN resistance 28Mar2022 is bound to
Break soon
Not trading advice
This meaningful bounce at an important support zone suggest a shortterm low & probably a reversal. However, considering the damage, it will take quite a while to repair this chart before any hope of getting back to major resistances.
My case for a reversal now: the big M-pattern has likely completed with stops at important FIB levels.
20 is a strong support & breaking below this will see a fast fall to 13.
Prices have been trying to break the GANN FAN resistance 28Mar2022 is bound to
Break soon
Not trading advice
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