BitcoinShort
Bitcoin 1D Update
Bullish Points:
- Bitcoin painted a higher high on the 9th day.
- Bitcoin did wick above $8,200.
- Higher lows for the past 3 days.
Bearish Points:
- Although it wicked above the $8,200, it failed to close above $8,200. It has not yet attempted $8,400.
- Squeeze indicator still favoring bears.
- 5 Day Volume Moving average at ~8k, with the 2 30K+ bars being selloffs.
- Keltner Channel lower band and EVWMA (20D) are both heading flat.
If we do see a high volume drop, I believe it will dump to at least $7,400 - $7,500. If we do not see a high volume drop, we may continue grinding and potentially build momentum for a move up.
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- Bitcoin painted a higher high on the 9th day.
- Bitcoin did wick above $8,200.
- Higher lows for the past 3 days.
Bearish Points:
- Although it wicked above the $8,200, it failed to close above $8,200. It has not yet attempted $8,400.
- Squeeze indicator still favoring bears.
- 5 Day Volume Moving average at ~8k, with the 2 30K+ bars being selloffs.
- Keltner Channel lower band and EVWMA (20D) are both heading flat.
If we do see a high volume drop, I believe it will dump to at least $7,400 - $7,500. If we do not see a high volume drop, we may continue grinding and potentially build momentum for a move up.
Like and follow for more!
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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.