MARKET UPDATE - 17TH OCTOBER, 2024
🕑 Added 2024-10-17 12:58:51 +0000 UTCHello my friends,
Today is the 3rd day that Bitcoin has been ranging at the diagonal resistance we spoke of in yesterday’s market update. I’d like to remind everyone that the last few times it took 3-5 days for Bitcoin to map out a clear path. The last few times it rejected and crashed to fresh lows. Let’s see what happens this time around.
For now, we can clearly observe the small red candle at resistance with a wick on the right side (last candle). We haven’t had any bullish confirmations yet. So far, it’s doing what it did the last few times. We observe.
Hope everyone is well🤜🏻💚🤛🏻
PS: Either way, this is the 3rd day. We’re edging closer.
Comments
rich _
That 57-58k range is a key area of interest for sure. I can see a drop to that area, that'll liquidate so many longs and calls for 44k then boom...new ATH
Rob Art
Of course. Please read all the last 5 market updates.💚🤝🏻
Steven K Mamat
The market makers however do know that people catch on to the algorithm patterns. So you can’t just bank on this every time
Rob Art
🤝🏻💚🙂
Rob Art
🙏🙂
Noynie
Thanks for the update. 🔥
Steven K Mamat
Xrp up last like the last several times. Usually means a dump coming
Goh Sam
Just love these updates rob