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!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.