BTCUSD: Decision Time & Key Levels To Watch
Updated
Currently remaining neutral while expecting a big enough move in either direction to either retest the triangle resistance around $9,000, or continue moving downwards towards the bear channel support around $7,500, likely followed by a bear flag breakdown to $6,500. Bitcoin notably got rejected by the 200 Day MA on yesterdays closing candle with current support llined up at the 100 Week MA around $7,750, followed by the 50 Week MA at around $6,750.
4hr RSI with bullish divergence in tact but enough room to move down to $7500 with ease.
MACD losing bullish momentum and still in the negative.
CMF is barely positive. Overall, slightly bearish.
If Bitcoin Repeats History? Monthly TD Sequential Red 1 (Part 6)
Measuring The Move of the Descending Triangle Breakdown (Part 2)
BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750?
4hr RSI with bullish divergence in tact but enough room to move down to $7500 with ease.
MACD losing bullish momentum and still in the negative.
CMF is barely positive. Overall, slightly bearish.
If Bitcoin Repeats History? Monthly TD Sequential Red 1 (Part 6)
Measuring The Move of the Descending Triangle Breakdown (Part 2)
BTCUSD: Is Bitcoin Forming A Bear Flag To $6,750?
Comment
Latest analysis: 4hr Descending Triangle Targeting 7K
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.