BTC ramblings: Update on standard channel movement and hopes
Rambling update, but some nice content i think anyway.
I'm pretty much continuing off the linked chart. no big surprises on resistance seen here. I would prefer bigger drop about 6-10% to give nice room to consolidate on a movement back up. Like always, I mainly do not want to see a rejection under the pink line for mid term btc movement upwards.
We didn't see the selldown I wanted for super easy call options, aroun the 16th, but at this point not sure if it matters. High chance we would have seen resistance all the same at red line.
Also I do not like btc getting bought before ~51.5k and ~49.5k. I think it just creates more resistance on the way back up.
~20 minute video
I'm pretty much continuing off the linked chart. no big surprises on resistance seen here. I would prefer bigger drop about 6-10% to give nice room to consolidate on a movement back up. Like always, I mainly do not want to see a rejection under the pink line for mid term btc movement upwards.
We didn't see the selldown I wanted for super easy call options, aroun the 16th, but at this point not sure if it matters. High chance we would have seen resistance all the same at red line.
Also I do not like btc getting bought before ~51.5k and ~49.5k. I think it just creates more resistance on the way back up.
~20 minute video
