IMPORTANT bull trend support for bitcoin at $11,400
This area I have highlighted is HUGE confluence of support or massive breakdown resistance.
Since bull trend is still intact on higher time frame, I am LOGICALLY leaning 80/20 bull support here because EMOTIONALLY I am leaning 80/20 breakdown. And whoever is trying to accumulate a sh!t ton of btc is doing a great job shaking out the weak hands on this historic move up.
1. Parabolic support since 3150 (tourqouise parabola)
2. Bottom of BLUE VALUE CHANNEL!
3. 4 hour 100 EMA support (purple EMA line)
4. descending trendling of major pennat/disjointed angle breakout with target of $14k
Since bull trend is still intact on higher time frame, I am LOGICALLY leaning 80/20 bull support here because EMOTIONALLY I am leaning 80/20 breakdown. And whoever is trying to accumulate a sh!t ton of btc is doing a great job shaking out the weak hands on this historic move up.
1. Parabolic support since 3150 (tourqouise parabola)
2. Bottom of BLUE VALUE CHANNEL!
3. 4 hour 100 EMA support (purple EMA line)
4. descending trendling of major pennat/disjointed angle breakout with target of $14k