stepwise distribution
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BTC will probably trade these supports for a while. Sub5k looking like a reality soon if minimal bullish action at 6.4.
No one likes to buy anything until a huge sell off takes place after dipping below the 400MA.
No one likes to buy anything until a huge sell off takes place after dipping below the 400MA.
Nota
BTC is still supporting itself on the descending line coming from the 4/11 inverse head and shoulders. if this breaks down, we'll see huge loss, but for the time being it should hold, cause a relief rally to over 7K, and then probably back downNota
on the 2h, BTC is having a bullish divergence with a lower low on RSI, but price higher low from the 4/11 dip. This is quite bullishNota
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