Very Quick post Bitcoin PA buming into the descending Orange 0 SMA - Possible Rejection However, that Red Dashed line is the Value Area Low off the VRVP. Could offer support Daily PA https://www.tradingview.com/x/lM7zC6aJ/ PA currently sitting on Daily VRVP Poit of control, again, this could offer Support If not just below we have the Red Zero line of rising channel at around 75K, that could also offer support Cypto Fear & Greed Index: Dropped sharply to 29–30 (entering "Fear" territory) …
Summary
- Very Quick post Bitcoin PA buming into the descending Orange 0 SMA - Possible Rejection However, that Red Dashed line is the Value Area Low off the VRVP.
- This is the territory were we can see sudden rises in Price and we see all those SHORTS get liquidated.
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