BitcoinShort
Bitcon, Wen Moon?
Bitcoin is holding a very narrow range, stubbornly refusing to cooperate with a recent intermarket correlation with stocks. Although stocks broke out to higher levels, BTC has remained in a very narrow comfort zone between 38.2K and 39K. We have made several attempts at higher levels which were immediately thwarted by resistance at 
39K, confirmed by several red triangles on the KRI. From here it could go either way: if delayed momentum kicks in, then 40K is our next target, which will be a significant attempt for BTC. If not, we will have support at 36.7K, and 34.9K after that, if we cross the vacuum zone. The Kovach OBV is trending downward, so watch this bear divergence.
39K, confirmed by several red triangles on the KRI. From here it could go either way: if delayed momentum kicks in, then 40K is our next target, which will be a significant attempt for BTC. If not, we will have support at 36.7K, and 34.9K after that, if we cross the vacuum zone. The Kovach OBV is trending downward, so watch this bear divergence.
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Join my discord at discord.io/quantguy
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.