If it don't happen by end of today, then it ain't happening this week! Actually i can see bulls are weak and not in control, if they were they would have broke heavy resistance this weekend at 11,747! So for me, I doubt it..
Commodore3
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I personally believe the second support will be broken too. I'm looking at a level between 9500 and 8800 for support. Have a look at my idea sir
kou4in1
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which support line do you mean?
zzman
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I think, it just bounced from the support line, if you look it in the log-view. Also it bounced from the last high in the same view.
zzman
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and if the logarithmic support doesn't hold, the non-logarithmic one is only 1.3% below that... :)
BrunoBattisti
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in the graph in logarithm, btc already hit this support, we also have a divergence in the RSI indicator, which indicates a possible high resumption
tosmartak
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@BrunoBattisti, noticed the bullish divergence on the RSI on 1 hour chart too, but that should be a short term as this market is really still have the tendency of testing lower support levels.
zzman
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@BrunoBattisti, yes, i didn't read your comment before i posted my. I had the same idea (show above). It's important to watch both log and normal view, since people use both of them.