Bitcoin Daily UPDATE - something for the weekend sir ?Chances are we will see PA Drop over the weekend if what has happened today is anything to go by
As mentioned in apost this morning, Pa fgot rejected off the upper trend line of the descending channel and currently Sits on the POC ( point of control ) on the VRVP ( Vivible Range Volume Profile )
The Drop if we loose this support could be swift but we do have support lines below to try and hold up the fall
But again, as mentioned, a drop is NOT such a bad thing....unless we loose 73K, in which case I will seriously think again about what I Hold.
The 4 hour chart shows the current situation more clearly
If we do bounce of this, remain cautious....we need to get over and Hold 91K before we start screaming "ATH"
For me, I have opened anotehr Spot order at 74K
I go higher than the expected Low incase the visit to the low is a Very quick wick down and the order does not have time to fill.
DO NOT PANIC
Have a good Weekend
