The next 24 hrs are critical.
Yeah but honestly they are not critical really
My thoughts exactly, the next 24 hours have almost become irrelevant now price is back above $50K. As long as $46K-68K holds as support, which I imagine it will, it's all fine.
End of the week looks more relevant now, ideally the open at $49.5K holds as support, in between is just intra-week noise for panic sellers to get busy and to frustrate traders.
The previous 24 hours were quite relevant though, found support from support for the third time. Looks like a pattern now with support confirmed. Ironic huh.
The 0.236 retracement from ATH to local low even lines up nicely with the VPVR point of control, how convenient.
The next 24 hours only looks critical for day traders, as to whether support will get re-tested again or not.
Price has better support with trading volume & long-term MA than $40K did in September, that's for sure.
Maybe $48K even get's re-tested again next week, just for people who can't handle a bit of fear.
+ finally some bullish volume, at least that sell-off was good for something...
Poll
