$BTC okay so I keep staring at this BTC chart and something's bugging me. price bounced off 57,800, everyone's kind of relieved, and — I don't know, it just doesn't feel like relief to me. feels more like a pause.
the moving averages are still stacked the bad way on literally every timeframe I checked. 7 under 25 under 99. hourly, 4h, daily, weekly, all of it. that's usually not what a bottom looks like, right? or wait — maybe I'm overthinking the MA order thing, sometimes it lags anyway.
what actually caught my eye was the MACD on the 4h. histogram went slightly positive after being red for what feels like forever. first time in weeks honestly. and my first reaction was oh okay maybe this is turning — but then I looked again and it's such a small flip. barely above zero. that's not really strength, that's more like… the selling just got tired for a minute?
price has basically been stuck in this tiny range for hours too. 58,530 to 58,700ish, back and forth, nothing resolving. not breaking up, not breaking down.
I remember seeing something like this earlier in the year too, a stall that everyone called a bottom and it wasn't.
still trying to figure out if this is actually different this time or if I'm just pattern matching on nothing.
#BTC #orocryptotrends #Write2Earn
the moving averages are still stacked the bad way on literally every timeframe I checked. 7 under 25 under 99. hourly, 4h, daily, weekly, all of it. that's usually not what a bottom looks like, right? or wait — maybe I'm overthinking the MA order thing, sometimes it lags anyway.
what actually caught my eye was the MACD on the 4h. histogram went slightly positive after being red for what feels like forever. first time in weeks honestly. and my first reaction was oh okay maybe this is turning — but then I looked again and it's such a small flip. barely above zero. that's not really strength, that's more like… the selling just got tired for a minute?
price has basically been stuck in this tiny range for hours too. 58,530 to 58,700ish, back and forth, nothing resolving. not breaking up, not breaking down.
I remember seeing something like this earlier in the year too, a stall that everyone called a bottom and it wasn't.
still trying to figure out if this is actually different this time or if I'm just pattern matching on nothing.
#BTC #orocryptotrends #Write2Earn
