DollarBills Charts 🎯 📈

JUST IN: Bitcoin is now down 35% this year. @WatcherGuru

Free $

Important to listen to how he is speaking

JUST IN: $1.1 trillion wiped out of Gold's market cap today. @WatcherGuru

Sheeeeesh. What a difference a couple of weeks can make. BTC tapped every one of those resistance levels I pointed out and then rolled over hard. Yesterday it broke down out of that channel, and you can clearly see the reaction. At this point, it looks like there could still be more downside, but there are a couple reasons we could see a battle to hold: 1. We're sitting right at the Point of Control (that red horizontal line), which represents the area where the most volume and liquidity has traded. 2. RSI is extremely oversold. That doesn't guarantee a bottom—sometimes it just leads to a relief bounce before another leg down—but the last few times we reached these levels, BTC put in a pretty solid bounce. The major support levels I'm watching continue to line up with key psychological levels around $65k, $60k, and then roughly $53k. Hopefully everyone is protecting capital, managing risk, or taking advantage of the move if you're positioned short. At the end of the day, if you don't believe BTC will eventually be worth 2x these levels, you're probably in the wrong place and the wrong mindset.

Pretty big deal for the smaller accounts and people starting out.

Hope you have a stonk portfolio as well. 🙏

Good or bad? Thoughts

JUST IN: Elon Musk's SpaceX discloses holding 18,712 $BTC worth over $1.4 billion. @WatcherGuru

Save us Elon

BTC rejected exactly at the channel trend resistance and the 200 EMA, as noted before, then fell quickly as there wasn’t much support underneath. Still some room for downside here, so I’ll be watching price action closely at those key levels and the lower trend line of the channel.

Chilllll

JUST IN: 🇺🇸 Senate Banking Committee officially advances crypto clarity bill in bipartisan vote. @WatcherGuru

Called a majority of the plays I took in here