⚡️Alright so Bitcoin's support kicked up from the support point we marked and made note of last night at $19,550 so it shouldn't be too much to assume now that's a strong support benchmark for us now. Especially with the large support wave that's kicked in though against a market that's facing the very opposite right now.
⚡️If you check out the stock heat map you'll see that almost every stock up is in the red or negative territory with even some big names like APPL down -1.48%. For Bitcoin and the crypto market to be posting gains like this following yesterday is insane and hopefully can be the start of a good shift in the correlation between Bitcoin and the market as we've dealt with the past few months.
⚡️I've added $20,277 or roughly $20,300 which should pose as our next resistance point on the chart, that'll be our challenge right now and then after that will be $20,600. It's pretty interesting though to see this kind of activity happen, especially on a day when the market itself is dealing with harsh hits from yesterday's remarks whereas Crypto has done this move out of seemingly nowhere though it's also understandable thanks to the support holding likely giving some bigger whales confirmation they we're looking for on those reentry's.
⚡️Just watch now for happens next and whether or not $20,277 becomes a rejection point or push point as the big player's will be watching these points as well. $20,600 is an important point as well as it's the point that led to our fall once we fell below that and the sell off basically progressed once that tug a war was finished leading us down to where we went. We've had that marking placed down for a while now already thanks to it's significance and just as it was significant before it'll be once more again soon enough so be on the watch as well as those EMA's as always, I'll try to give a more detailed idea later, thanks.
⚡️If you'd like to leave a like or follow it'd be much appreciated, simply doing what I can. Thank you as always and wishing nothing but the best.
~ Rock '
⚡️If you check out the stock heat map you'll see that almost every stock up is in the red or negative territory with even some big names like APPL down -1.48%. For Bitcoin and the crypto market to be posting gains like this following yesterday is insane and hopefully can be the start of a good shift in the correlation between Bitcoin and the market as we've dealt with the past few months.
⚡️I've added $20,277 or roughly $20,300 which should pose as our next resistance point on the chart, that'll be our challenge right now and then after that will be $20,600. It's pretty interesting though to see this kind of activity happen, especially on a day when the market itself is dealing with harsh hits from yesterday's remarks whereas Crypto has done this move out of seemingly nowhere though it's also understandable thanks to the support holding likely giving some bigger whales confirmation they we're looking for on those reentry's.
⚡️Just watch now for happens next and whether or not $20,277 becomes a rejection point or push point as the big player's will be watching these points as well. $20,600 is an important point as well as it's the point that led to our fall once we fell below that and the sell off basically progressed once that tug a war was finished leading us down to where we went. We've had that marking placed down for a while now already thanks to it's significance and just as it was significant before it'll be once more again soon enough so be on the watch as well as those EMA's as always, I'll try to give a more detailed idea later, thanks.
⚡️If you'd like to leave a like or follow it'd be much appreciated, simply doing what I can. Thank you as always and wishing nothing but the best.
~ Rock '
