OrriginalCrypto on Nostr: Bitcoin Daily LOG chart PA in support zone with a low at 67200 - We need to stay in ...
Bitcoin Daily LOG chart
PA in support zone with a low at 67200 - We need to stay in this channel and NOT fall into the lower one.
If we fall the 50 SMA is around 65700
RSI si still falling, which is not a bad thing but the real Crunch here is that SOPR, that shows us how much "Spending" is happening, is relatively Flat..NO SPENDING - HODL is still very much in play.
The MVRV ( profit levels) has dipped back and I am hoping will bounce later today off the 382, which has been strong resistance in the past.
the Weekly candle is currently an inverted GREEN hammer and could be considered Bullish.
Lets see how today plays out - But maybe do not expect to Much with the USA election next week. We wait to see who the Electorial college decides is the next American President.
PA in support zone with a low at 67200 - We need to stay in this channel and NOT fall into the lower one.
If we fall the 50 SMA is around 65700
RSI si still falling, which is not a bad thing but the real Crunch here is that SOPR, that shows us how much "Spending" is happening, is relatively Flat..NO SPENDING - HODL is still very much in play.
The MVRV ( profit levels) has dipped back and I am hoping will bounce later today off the 382, which has been strong resistance in the past.
the Weekly candle is currently an inverted GREEN hammer and could be considered Bullish.
Lets see how today plays out - But maybe do not expect to Much with the USA election next week. We wait to see who the Electorial college decides is the next American President.