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BTC/USD Update on Support Levels
On almost every time frame we started building a lot of -div over a long period of time, and it finally caught up with the bulls.
I'm showing the next major support areas where it can bounce, along with some serious -div that I have been watching for about a week now. There's an obvious M pattern going on, and it hasn't even broken the neckline yet so that's why I think we'll see sub 9k again.
Daily turned bearish yesterday when the candle closed as a red 1 count and then confirmed a short play when the low of the red 1 count was broken. You would have caught this sooner if you were looking at 2 and or 4 hour.
The ideal situation is that we bounce at around $8300, thus making a higher low. I see us going up to near $10,200 then dropping more from there.
I'm showing the next major support areas where it can bounce, along with some serious -div that I have been watching for about a week now. There's an obvious M pattern going on, and it hasn't even broken the neckline yet so that's why I think we'll see sub 9k again.
Daily turned bearish yesterday when the candle closed as a red 1 count and then confirmed a short play when the low of the red 1 count was broken. You would have caught this sooner if you were looking at 2 and or 4 hour.
The ideal situation is that we bounce at around $8300, thus making a higher low. I see us going up to near $10,200 then dropping more from there.
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Aviso legal
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.