Vic on Nostr: Following the assassination attempt on Trump at a rally in PA, price jumped up a ...
Following the assassination attempt on Trump at a rally in PA, price jumped up a notch to the 60K level. First time Bitcoin has been above the 200 day simple moving average since pressing under on the 5th. RSI is also elevated above 50 for the first time since the beginning of the month. At this point, to continue the prior downtrend, the dump would be a swift 10+%. I think we could have some pullback on this after the trad markets react to the news in the early part of the week, but not that low. If price pumps to 63K level, it could stay there for awhile crabbing right, long enough to regain footing and avoid the pending death cross later this month.
#🌝
Crabbing a bit to the right. Enough to form initial clearance "above" the downward trendline that has been going since June. Compared to the last attempt at end of June/early July, we now have rising indicators improving our odds of avoiding the leg down
Mayer Multiple: .98
Bitcoin Cycle Master Ratio: 1.035
58K Gang: Enabled
#🌝
nevent1q…w5ha
Published at
2024-07-14 13:35:38Event JSON
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"content": "Following the assassination attempt on Trump at a rally in PA, price jumped up a notch to the 60K level. First time Bitcoin has been above the 200 day simple moving average since pressing under on the 5th. RSI is also elevated above 50 for the first time since the beginning of the month. At this point, to continue the prior downtrend, the dump would be a swift 10+%. I think we could have some pullback on this after the trad markets react to the news in the early part of the week, but not that low. If price pumps to 63K level, it could stay there for awhile crabbing right, long enough to regain footing and avoid the pending death cross later this month.\n\nhttps://i.nostr.build/QYRN1eXrVAL2Y9Fm.png \n#🌝\n\nnostr:nevent1qvzqqqqqqypzqgd5rygzm28upw5sfp9wey6t74dh408htmkm8yfyart4ujglgxj7qyghwumn8ghj7mn0wd68ytnhd9hx2tcpzemhxue69uhkyetkduhxummnw3erztnrdakj7qpqg9wa3f9ln3wly0tfjn7v7zjphn2h50hm362phvszjemd2ylhhzgsmt06e6",
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