I wonder how much anxiety there is about breaking above $4k?
Odds seem in favor of it, currently.
On the other hand, should we just be taking up other hobbies for a few months.. and maybe we bounce in a kind of narrow range? What would that range be? $3,600 to $4,200?
It seem to me that there is a desire to bounce between $4,000 and $4,500 - your results may vary.
........... aaaaaaaannnnnnnddddddd the next 12 hours are critical.
Odds seem in favor of it, currently.
On the other hand, should we just be taking up other hobbies for a few months.. and maybe we bounce in a kind of narrow range? What would that range be? $3,600 to $4,200?
It seem to me that there is a desire to bounce between $4,000 and $4,500 - your results may vary.
........... aaaaaaaannnnnnnddddddd the next 12 hours are critical.
The bearline sits at $4k. We won’t take $4k without a fight. But we have a golden cross on the 50 / 100 MA to lift us into the fight. (Crossing of yellow and orange lines).
Would you say, hypothetically, if BTC prices are able to convincingly break above $4k, then 1) such prices will not necessarily get repelled at the $4,200 level again, or 2) maybe have the next challenge at $4,500 or 3) there is no real resistance until getting in the upper $4k arena or sub $5k arena?
Even though I recognize that you have been decently successful with you lines on a chart, I don't necessarily want to get caught up with those lines, too much.. but anyhow, I still come up with tentative theories, and currently, I am still thinking that there is decent chances that we experience significant resistance at each of the 3 points that I describe above (assuming that we end up breaking through $4k in the coming 12 to 48hours).
My theories are based on quasi-SOMA principles (term kind of trade marked by d_eddie, of course).
I will look into this disorder. It sounds like you nailed it.
