$BTC reclaimed my 74,888 level on Monday's close. By my own rule, Sunday's break was noise.
Yesterday I said a daily close back above 74,888 means the break doesn't count. Monday (Nov 9, UTC) closed at 75,368. So it doesn't.
That's all it is though. Not a reversal.
- Weekly: five red closes in a row, 86,530 down to 74,851 (-13.5%)
- 73,510: Sunday low, still the line for a real breakdown
- 76,416: still the level that ends the lower-low streak
Price is 74,789 now, back under 74,888 intraday. So today's close matters again.
What comes first: a sixth red week or a reclaim of 76,416?
NFA. $BTC #BitcoinFiveWeeklyLosses
Yesterday I said a daily close back above 74,888 means the break doesn't count. Monday (Nov 9, UTC) closed at 75,368. So it doesn't.
That's all it is though. Not a reversal.
- Weekly: five red closes in a row, 86,530 down to 74,851 (-13.5%)
- 73,510: Sunday low, still the line for a real breakdown
- 76,416: still the level that ends the lower-low streak
Price is 74,789 now, back under 74,888 intraday. So today's close matters again.
What comes first: a sixth red week or a reclaim of 76,416?
NFA. $BTC #BitcoinFiveWeeklyLosses
