Bitcoin that is....what were you thinking..heh, heh :)
Yesterday I posted about some weekly order blocks, daily and 4 hr support and resistance levels. You can see the post here if you like:
https://www.steemleo.com/steemleo/@jrb450/bitcoin-so-now-what
To drive the point that price reacts off previous levels, I've included a screen shot of the 4 hr chart posted yesterday:
In the same post I mentioned that the short term momentum was to the downside- look what happened!!
More importantly, price bounced off the 2 4hr. support/resistance levels as predicted
Watch out for more downside on price movement short term. It will take tons of available liquidity at lower prices before price can work its way through the weekly order block. There's a juicy price void in around 10,000 that would get filled in before price moves significantly higher than where it is now.
There's also a bearish top formation taking shape on the daily.
