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Bitcoin Retraces to Support
Bitcoin has retraced to 
42K, where we are encountering good support. We have two strong levels at 41.6K and 41.9K, and several green triangles on the KRI to confirm support here. The Kovach OBV has dropped off notably, but appears to be leveling off. The price action looks weak so watch the vacuum zone back to the 40K's. After that, there is another vacuum zone back to 38K. If momentum picks up, we must clear 45K to resume the bull rally.
42K, where we are encountering good support. We have two strong levels at 41.6K and 41.9K, and several green triangles on the KRI to confirm support here. The Kovach OBV has dropped off notably, but appears to be leveling off. The price action looks weak so watch the vacuum zone back to the 40K's. After that, there is another vacuum zone back to 38K. If momentum picks up, we must clear 45K to resume the bull rally.
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Join my discord at discord.io/quantguy
Publicações relacionadas
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.