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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Tweets Boar Hog who wrote (86837)6/24/2024 10:25:26 PM
From: Sun Tzu2 Recommendations

Recommended By
catou1
Tweets Boar Hog

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BTC daily is at a significant support line (2 timeframe green lines coinciding at the same place). If it doesn't bounce here, then another 10k drop would not be far fetched.

Furthermore the weekly chart looks like a double top to me.

For the bulls, the TA case is this: not only we're at a significant support, but also the coin is oversold on the daily. So it ought to bounce, but I doubt that it will make a new high any time soon. At best I think it will just muddle along.

To recap, if you don't get the expected bounce soon or see deteriorating chart, short it.

Daily
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Weekly
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