BTCUSD DROP AHEAD
Same old chart and same old downtrend. I hope we break out of this and moonshot so everyone can buy Lambos and investment properties. BUT-
The horizontal lines were drawn from weekly support that has now become resistance. I don't see us making it through them based on the volume we are seeing now and the low conviction low volume bubble up we had from recent lows.
Low volume with price rising is not good.
Too many of the 6kk Bitcoin people are saying 10k now, not good.
Resistance around 7,300-7,350 looks most likely. DOUBLE BOTTOM PANIC WOULD BE GREAT!
We all know this can change with volume to the upside.
THIS IS NOT ADVICE! I SAVE THESE CHARTS FOR MYSELF. MY 4 followers know not to trade on my ideas they have their own!
The horizontal lines were drawn from weekly support that has now become resistance. I don't see us making it through them based on the volume we are seeing now and the low conviction low volume bubble up we had from recent lows.
Low volume with price rising is not good.
Too many of the 6kk Bitcoin people are saying 10k now, not good.
Resistance around 7,300-7,350 looks most likely. DOUBLE BOTTOM PANIC WOULD BE GREAT!
We all know this can change with volume to the upside.
THIS IS NOT ADVICE! I SAVE THESE CHARTS FOR MYSELF. MY 4 followers know not to trade on my ideas they have their own!
Nota
Nota
This is a look pulled back a little to see support targets. I the blue area we will likely see a long wick and not close down there on the daily. A close down there leads to lower targets. ( actually the lowest red line was my volume indicator from posted chart I did not clean off. We could get down there but we will shoot back up fast.Nota
Correction that is a hand drawn target sorry. Good luck!Nota
Nota
4hr charts don't update as well as the hourly. Look at the red moving average that has provided support for the recent rally. If we break this now it is a bad sign. Red arrow and circle point out the line and arrow to drive it home.Nota
We broke. Now looking for just sub 6k.
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