At the bottom you see the 7MA in orange which signalled for support for ~16h. Right now Bitcoin is testing resistance at the 25- and 100-day moving average. Opening the next 4h candle, in 45 minutes, above those MA's will signal support and trigger their crossover. Opening the path to restest the 71.3 level.
Opening below will signal too much resistance (at this time) and we'll see pullback to the orange 7MA to retest support. I call this the support vs resistance game which would last until either side dominates. The MA's basically indicate the supply vs demand powerplay.
Hope this made any sense.
hmm. ill just buy bitcoin when i get paid next month, like i did this month.
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yeah, I'll just stick to $5 per day and ignore the noise.
that's the way!
I just like stealing some sats here and there from the market cause they shouldn't be there 😉
