19TH OCTOBER, 2024 - MARKET UPDATE
Added 2024-10-19 16:24:09 +0000 UTCHello my friends,
Hope everyone is well. Yesterday, Bitcoin closed above the green diagonal resistance for the first time in roughly 7 months. If you open the chart, you’ll find a big yellow arrow pointing at a red candle that is currently back testing this resistance as support now. First time that has happened in this 7 month long downtrend.
Either way, you know what I’m looking for, I want a clean close at the $71,000 zone and then a higher low than $58,000 to confirm a bullish reversal if there’s a correction (definitely has to be higher than $52,000 as that’s the micro diagonal support drawn in a blue line).
Today is day 5 since BTC has been playing with this resistance level. In the past it was always 3-5 days before the beginning of a big move. So I expect BTC to make up its mind soon - hopefully. Let’s see how it behaves. Nothing has changed just yet. Don’t grow excited. Let’s be cautious and reasonable.🤜🏻💚🤛🏻
Comments
Thanks for the update Rob
Martin lithgo
2024-10-19 18:17:29 +0000 UTCThank you for the updates fren 💚👑
ArcaneWealth
2024-10-19 18:13:34 +0000 UTCHey there J, yup, they’re all in play. We’ve been taking profits with many earlier than planned but yeah, holding and waiting🤜🏻💚🤛🏻🙂 Hope you and yours are well, bud)
Rob Art
2024-10-19 17:58:11 +0000 UTC🫡💚
Rob Art
2024-10-19 17:57:11 +0000 UTCHi again Rob. I hope you see this. Thanks for the continual updates! Are all of our 100x coins still in play? Some of these tokens have crashed really hard like Vault and QRDO that's why I ask. WTK was also rug-pulled I think according to the news and a "hack" they suffered a week ago. I am still all new to this and this is my first time, so naturally, I am a bit worried. Please be patient with us first-timer noobs. Patiently waiting to see what happens. Thank you again and God bless you and your family my friend :D
James
2024-10-19 17:52:44 +0000 UTCI am prepared for both scenarios 💪🏼💚
Adrian Mislimi
2024-10-19 16:29:01 +0000 UTC
