BTC: "Kiss of Death" Retest
We have been anticipating this, and the market is finally following suit.
The Break: Bitcoin finally broke the bottom of that bear flag.
The Retest: We have now witnessed the perfect ' bounce ' to test below prior support that has now been rejected on a rapid.
The conclusion: Prior support has now transitioned to heavy resistance.
This is clear, concise technical analysis. With this retest confirmation, we will likely see the ease of movement in the direction of the $60k – $58k liquidity zone.
DYOR, NFA
https://i.redd.it/p0cf1rvenrsg1.png
Posted by UniChartz
2 Comments
Yes.
Yes totally a trap, or Trump just said he will bomb Iran till they’re in stone age, pick one.