BTC Plunges and Meets Former Resistance

BTC initial bounce failed at former resistance (gray line) whiich was formed from topping pattern earlier this year. It is starting to move through the line ($47,073) now, up to $47,200. Even as it goes through, the pit stop at this line I've had up for months once again highlights how cryptocurrencies are friendly for charists. Heavy retail participation makes for emotional market moves.