01-12-2021, 05:42 PM
Here's some basic Bitcoin TA and some key supports to consider. I know things are sc
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/kuvzm9/heres_some_basic_bitcoin_ta_and_some_key_supports/"> <img src="https://b.thumbs.redditmedia.com/sKW7F3OyEHQKFMRk1b_Fr7R01yqUYseTw4X695i-rsM.jpg" alt="Here's some basic Bitcoin TA and some key supports to consider. I know things are scary right now, but please understand why this is a correction and not the end of the bull run." title="Here's some basic Bitcoin TA and some key supports to consider. I know things are scary right now, but please understand why this is a correction and not the end of the bull run." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p><a href="https://preview.redd.it/zrxydlsy0na61.png?width=3287&format=png&auto=webp&s=5bcfa5f3a57f929dd6746777ec376d837ef7eaf6">stonks.</a></p> <p>Note the Fibonacci levels being respected at each level during price discovery after breaking out from historical ATH. There was a great deal of resistance at the ATH. There was moderate resistance at the next level where the key historical trend line intersected the first Fibonacci level. Each subsequent level experienced less and less resistance. We then hit the top and will test some/all the supports until we settle on a price.</p> <p>I don't claim to know where the price is going from here. If I did then I wouldn't be posting on Reddit. $25K is objectively the strongest support, but I am not claiming that it will go to $25k.</p> <p>If $25K becomes resistance then consider the bull run over. If any of the key supports hold then the bull run continues.</p> <p>I hope understanding the situation better is reassuring and takes you from feeling like everything is pure chaos to something a bit more... measured.</p> <p>p.s. this isn't trading advice. thanks.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MeoMix"> /u/MeoMix </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kuvzm9/heres_some_basic_bitcoin_ta_and_some_key_supports/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kuvzm9/heres_some_basic_bitcoin_ta_and_some_key_supports/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/kuvzm9/heres_some_basic_bitcoin_ta_and_some_key_supports/"> <img src="https://b.thumbs.redditmedia.com/sKW7F3OyEHQKFMRk1b_Fr7R01yqUYseTw4X695i-rsM.jpg" alt="Here's some basic Bitcoin TA and some key supports to consider. I know things are scary right now, but please understand why this is a correction and not the end of the bull run." title="Here's some basic Bitcoin TA and some key supports to consider. I know things are scary right now, but please understand why this is a correction and not the end of the bull run." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p><a href="https://preview.redd.it/zrxydlsy0na61.png?width=3287&format=png&auto=webp&s=5bcfa5f3a57f929dd6746777ec376d837ef7eaf6">stonks.</a></p> <p>Note the Fibonacci levels being respected at each level during price discovery after breaking out from historical ATH. There was a great deal of resistance at the ATH. There was moderate resistance at the next level where the key historical trend line intersected the first Fibonacci level. Each subsequent level experienced less and less resistance. We then hit the top and will test some/all the supports until we settle on a price.</p> <p>I don't claim to know where the price is going from here. If I did then I wouldn't be posting on Reddit. $25K is objectively the strongest support, but I am not claiming that it will go to $25k.</p> <p>If $25K becomes resistance then consider the bull run over. If any of the key supports hold then the bull run continues.</p> <p>I hope understanding the situation better is reassuring and takes you from feeling like everything is pure chaos to something a bit more... measured.</p> <p>p.s. this isn't trading advice. thanks.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MeoMix"> /u/MeoMix </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kuvzm9/heres_some_basic_bitcoin_ta_and_some_key_supports/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kuvzm9/heres_some_basic_bitcoin_ta_and_some_key_supports/">[comments]</a></span> </td></tr></table>Kind Regards R