BTCUSD Still in march 12 // channel , now heading to bottom ...
The downtrend is now acted
like it was seen on all tech indicators , TPS #rate MACD, VOL, RSI and RVi from may 18 & 19.
The question is, the bottom of the channel from 8.7k to 8.8k is going to hold it ?
or are we going to retest the 8.4 / 8.2k support .?
volumes and RVI still real low,
Mempool pending transaction gone nuts, raising from 11k on may 8th to nearly 47k !
when the reversed trend will be ongoing, maybe we will go above 10050 and 10300 ....
Volume and RVI will give the signal.
Last 9,082.99 Last
Knowledgeable support / resistance
9,328.92 Pivot Point 1st Support Point
9,326.89 Price Crosses 9 Day Moving Average
9,163.22 Price Crosses 18 Day Moving Average
9,129.93 14-3 Day Raw Stochastic at 50%
9,100.57 3-10-16 Day MACD Moving Average Stalls
9,070.20 Pivot Point 2nd Support Point
8,953.09 Low
8,884.79 50% Retracement From 52 Week High/Low
8,824.84 38.2% Retracement From 4 Week High
8,758.45 14-3 Day Raw Stochastic at 30%
8,675.87 14 Day RSI at 50%
8,572.72 14-3 Day Raw Stochastic at 20%
8,443.73 50% Retracement From 4 Week High/Low
8,062.62 38.2% Retracement From 4 Week Low
Reminder
Posted 4 hours before the dump started :
this chart lock like a dump is going to append but with BTC , always buckle your seatbelt ;)
A positive indicator is the 40M$ volume futures on CME in just 3 days, that came just after the halving, this is a lot more than before ...
the way up have 5 major resistance to break, so my bet is for a dump to 8500 / 8400 support before a next attempt on the 10050 / 10062 level
Feel free to tell your own view on that ...
NB: Smart people never bet more than they can afford to lose.
=====================
Trade at your own risk
This is just an idea about the current situation,NOT a trade advise .
like it was seen on all tech indicators , TPS #rate MACD, VOL, RSI and RVi from may 18 & 19.
The question is, the bottom of the channel from 8.7k to 8.8k is going to hold it ?
or are we going to retest the 8.4 / 8.2k support .?
volumes and RVI still real low,
Mempool pending transaction gone nuts, raising from 11k on may 8th to nearly 47k !
when the reversed trend will be ongoing, maybe we will go above 10050 and 10300 ....
Volume and RVI will give the signal.
Last 9,082.99 Last
Knowledgeable support / resistance
9,328.92 Pivot Point 1st Support Point
9,326.89 Price Crosses 9 Day Moving Average
9,163.22 Price Crosses 18 Day Moving Average
9,129.93 14-3 Day Raw Stochastic at 50%
9,100.57 3-10-16 Day MACD Moving Average Stalls
9,070.20 Pivot Point 2nd Support Point
8,953.09 Low
8,884.79 50% Retracement From 52 Week High/Low
8,824.84 38.2% Retracement From 4 Week High
8,758.45 14-3 Day Raw Stochastic at 30%
8,675.87 14 Day RSI at 50%
8,572.72 14-3 Day Raw Stochastic at 20%
8,443.73 50% Retracement From 4 Week High/Low
8,062.62 38.2% Retracement From 4 Week Low
Reminder
Posted 4 hours before the dump started :
this chart lock like a dump is going to append but with BTC , always buckle your seatbelt ;)
A positive indicator is the 40M$ volume futures on CME in just 3 days, that came just after the halving, this is a lot more than before ...
the way up have 5 major resistance to break, so my bet is for a dump to 8500 / 8400 support before a next attempt on the 10050 / 10062 level
Feel free to tell your own view on that ...
NB: Smart people never bet more than they can afford to lose.
=====================
Trade at your own risk
This is just an idea about the current situation,NOT a trade advise .