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Repost from Watcher Guru
JUST IN: 🇺🇸 US House to vote on banning Congress from insider trading today.
@WatcherGuru
Plans been the same. Those levels mentioned were all key. I have been continuing to DCA and chill. Eyes on the 200 day MA. Its only a matter of time people. Not IF, but WHEN.
This is the longest I think ive ever gone without an update to the channel.
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.
Repost from Watcher Guru
+1
JUST IN: Elon Musk's SpaceX discloses holding 18,712 $BTC worth over $1.4 billion.
@WatcherGuru
