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Rekt Capital
Rekt Capital

@rektcapital

10 Tweets 2 reads Jan 17, 2023
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Lately, #BTC lost its ~$41000 Monthly support (blue)
$BTC has now reached its next $35000 Monthly support (black)
#Crypto #Bitcoin
Lately, #BTC lost its ~$41000 Monthly support (blue) $BTC has now reached its next $35000 Monthly s...
#BTC has successfully rebounded from its $35000 Monthly support (black)
Now reached the previous ~$41000 Monthly support (blue) it had lost last month
BTC needs to reclaim this blue level as support to avoid a scenario where it flips into new resistance
$BTC #Crypto #Bitcoin
#BTC has successfully rebounded from its $35000 Monthly support (black) Now reached the previous ~$...
#BTC has performed a strong Monthly Candle Close above the blue level (~$41500)
This means BTC is one step closer to fully reclaiming blue as support
For BTC to fully reclaim blue as support, BTC may need to dip into blue for a retest attempt
$BTC #Crypto #Bitcoin
#BTC has performed a strong Monthly Candle Close above the blue level (~$41500) This means BTC is o...
#BTC has indeed dipped towards the blue level
In fact, BTC has even overextended below it
Nonetheless, this may be part of a volatile retest in an effort to reclaim the blue level as support on the monthly scale
$BTC #Crypto #Bitcoin
#BTC has indeed dipped towards the blue level In fact, BTC has even overextended below it Nonethel...
Indeed, for the time being the #BTC downside volatility below the blue level appears to have been part of a volatile retest
$BTC is positioning itself well for a successful retest
Bitcoin needs to Monthly Close above blue to confirm this retest as successful
#Crypto #Bitcoin
Indeed, for the time being the #BTC downside volatility below the blue level appears to have been pa...
At this stage, the #BTC Monthly Candle Close is looking even better
$BTC appears to have successfully retested the blue level as support despite the brief downside volatility below it earlier this month
Monthly Close above blue confirms retest as successful
#Crypto #Bitcoin
At this stage, the #BTC Monthly Candle Close is looking even better $BTC appears to have successful...
#BTC successfully retested the blue ~$41350 level as support
At the same time, BTC has confirmed the black ~$47000 level as resistance
Technically $BTC is now consolidating inside the blue and black levels
Meanwhile, BTC is also forming a multi-month green Higher Low
#Bitcoin
#BTC successfully retested the blue ~$41350 level as support At the same time, BTC has confirmed th...
#BTC has retested the multi-month green Higher Low as support
Currently $BTC is trying to stay above the blue $41300 support
Another Monthly Close above blue would be double confirmation of price hammering out a base at the ~$41300 level while at a Higher Low
#Crypto #Bitcoin
#BTC has retested the multi-month green Higher Low as support Currently $BTC is trying to stay abov...
#BTC has once again wicked to the green Higher Low recently recently, which is confluent with January & February Monthly lows (red)
A Monthly Close above the HL would be bullish as it would maintain the macro uptrend
A 1M Close above blue would be even better
#Crypto #Bitcoin
#BTC has once again wicked to the green Higher Low recently recently, which is confluent with Januar...
Unfortunately for #BTC, Monthly Closed below green Higher Low
HL has been lost
Also, red has been lost as support, most recently flipping into resistance
This of course isn't definitive as the 1M Close is weeks away
But BTC is close to revisiting black
$BTC #Crypto #Bitcoin
Unfortunately for #BTC, Monthly Closed below green Higher Low HL has been lost Also, red has been...

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