Bitcoin Price Consolidating Before Another Dump
Hi, traders. According to my analysis bitcoin is consolidating around 20K levels and forming a descending triangle pattern.
We broke below the daily bear flag and saw quite a dump at the end of the week after Jerome Powell's hawkish speech.
Bitcoin has remained neutral this weekend.
I belive BTC will continue dumping when the traditional stock markets open on Monday.
Keep an eye on NASDAQ and DXY ( USD index ). Ideally to confirm a dump or see the general market direction in favor of the BTC bears,
we need to see NASDAQ dumping and DXY pumping.
We saw bullish divergences in 1 hour and 4 hour charts also. Be careful.
Tomorrow we will see some volatile movement.
What do you think?
We broke below the daily bear flag and saw quite a dump at the end of the week after Jerome Powell's hawkish speech.
Bitcoin has remained neutral this weekend.
I belive BTC will continue dumping when the traditional stock markets open on Monday.
Keep an eye on NASDAQ and DXY ( USD index ). Ideally to confirm a dump or see the general market direction in favor of the BTC bears,
we need to see NASDAQ dumping and DXY pumping.
We saw bullish divergences in 1 hour and 4 hour charts also. Be careful.
Tomorrow we will see some volatile movement.
What do you think?
Note
Previous support confirmed as new resistance. Waiting for NASDAQ to open. DXY started the week with an upwards move.
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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.