OCT 9 CANDLE: Big red with long wick to $80,393
Sep 30: $85,600 -> $85,809 green
Oct 1: $85,809 -> $84,768 red
Oct 2: $84,768 -> $86,857 green (+2.4%)
Oct 3: $85,338 -> $84,917 red
Oct 4: $84,917 -> $86,176 green
Oct 5: $86,128 -> $86,027 small red (rejection at $86,725)
Oct 6: $86,027 -> $83,400 BIG RED (dump started)
Oct 9: $83,098 -> $82,641 RED WICK TO $80,393
Key levels Oct 9:
- Support: $80,000 psychological (tested $80,393 low today = held!)
- If $80K breaks = $77,747 next (54% down from ATH $126,198)
- Resistance: $83,000 (open) -> $82,800 needed for recovery -> $84K-$85K
RSI: 38.2 = oversold near 30
MA(20): 84,912 = price below MA = bearish short term
Volume spike +75% = capitulation?
Is this bottom at $80,393 or more dump to $78K?#VitalikWarnsAICouldWeakenCryptographySecurity #IMFSaysTokenizedMarketsSmall #btx #squarecreator
Sep 30: $85,600 -> $85,809 green
Oct 1: $85,809 -> $84,768 red
Oct 2: $84,768 -> $86,857 green (+2.4%)
Oct 3: $85,338 -> $84,917 red
Oct 4: $84,917 -> $86,176 green
Oct 5: $86,128 -> $86,027 small red (rejection at $86,725)
Oct 6: $86,027 -> $83,400 BIG RED (dump started)
Oct 9: $83,098 -> $82,641 RED WICK TO $80,393
Key levels Oct 9:
- Support: $80,000 psychological (tested $80,393 low today = held!)
- If $80K breaks = $77,747 next (54% down from ATH $126,198)
- Resistance: $83,000 (open) -> $82,800 needed for recovery -> $84K-$85K
RSI: 38.2 = oversold near 30
MA(20): 84,912 = price below MA = bearish short term
Volume spike +75% = capitulation?
Is this bottom at $80,393 or more dump to $78K?#VitalikWarnsAICouldWeakenCryptographySecurity #IMFSaysTokenizedMarketsSmall #btx #squarecreator