See chart for comments
註釋
These short red lines...Those are my predicted resistance for drops
they worked perfect this morning
but a 'stop' does not mean full reversal
註釋
Note: these resistance and support prices are KRAKEN...註釋
Thinking Price would fall..I was gearing up to watch what support red line would catch the falling knife.
But I was wrong!
Instead, the BTC support at the red line was solid.
And though it made many attempts to break past....
When the price cannot break past a super strong support...
Yes.. it goes the other way to 'test' the next upper resistance.
In the short term.. We went up.
However, I am still worried about whales tonight.
The price going up just makes the fish look more tasty.
註釋
On the positive sideMany of our favorite coins were sliding backward just before the run and this latest leg pulled them up a bit.
However, some alt coins 'deflated' and price is not where it was the last time we were at this BTC level. Such is fault of buyers flakey loyalty when BTC is running hot.
註釋
Take Cordano as an exampleIt was trading smoking hot late last night and the days before. Was edging to run to 0.60
Then we slid down and then we were rescued by the institutional investors just now.
Yet look how the price is so much lower in ADA, in spite of the fact BTC was just restored to a higher level than it was when it corresponded to ADA's higher prices.
Note: ADA high prices are inside the channel that I drew.
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