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?
Note
*Typo - price forecast is right around $7,330 (top blue line), not $7,420 like written on the chart.Note
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.