Crypto Rob Art
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MARKET UPDATE - 15TH OCTOBER, 2024
🕑 Added 2024-10-15 15:12:06 +0000 UTCHello my friends,
Bitcoin just struck $67,500 and of course Crypto X and YouTube are exploding with excitement and moon rockets.
Please kindly open the chart attached to this post. Itโs the same one we have been tracking for months. Youโll see that BTC just tagged with pinpoint precision the first crucial resistance level we spoke of during yesterdayโs market update. The green diagonal line. It has rejected immediately so far and currently BTC is back at $64,900.
Neither the crucial diagonal resistance (green line) nor the $71,000 horizontal resistance (red and purple lines) have been breached. There hasnโt been a weekly close above $71,000 so far. This is the technical proof we have for the moment. No signs of bullish continuation. So far, BTC is still down trending in the massive, 6-month-long descending macro channel (yellow and green diagonal lines).
BTC is at an important level. Very close to the top of the said channel. We wait and observe. No break out has taken place for the time being.๐ค๐ป๐๐ค๐ป
Comments
JT
Agree with the analysis no breakout as of yet. But trend does seem like it has changed. HH and HL. Nothing real until break so just an observation
Cecilia Pfeiffer
Great analysis thanks Robโฆ
Angelo McHorse
Your perspective is grounding. Forever grateful for your calm And logical approach to this volatile market
Masteron-blade
We wait!!!
ArcaneWealth
There is hope!
Guvy
I was just saying this on X, it was a bull trap
Jesse Lee Carkin
Yetโฆโฆ
