GTC’s chart today is a staircase... heading down 🪜
Down 13.4% on the day on $88M. 45 red steps since losing $0.30–$0.31, with each bounce lower than the last. A descending staircase usually isn’t an accident: it’s orderly selling.
$0.29 could be the next step down. Those buying at every step could be funding the decline.
A decisive move back above $0.31 would break the staircase. As long as the steps keep moving down, selling is setting the pace.
At which step are you getting off GTC? $GTC
#Bitcoin #PriceAction #Breakdown
Down 13.4% on the day on $88M. 45 red steps since losing $0.30–$0.31, with each bounce lower than the last. A descending staircase usually isn’t an accident: it’s orderly selling.
$0.29 could be the next step down. Those buying at every step could be funding the decline.
A decisive move back above $0.31 would break the staircase. As long as the steps keep moving down, selling is setting the pace.
At which step are you getting off GTC? $GTC
#Bitcoin #PriceAction #Breakdown