techgod99

BTC in love with the Bears? Testing a minor support.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Hello
Hello!
As you can see after the bearish divergence of BTC on the OBV, BTC has fallen from the swing
High of $9100, currently it has found support on the 4 hour support at$ 8200 and forming a bearish doji
The support levels are as follows
S1 $8200
S2 (Daily) 7652
As you can see BTC is balancing on tight ropes and let’s see what unfolds in the
Days. Will the Bulls steal the show or will the Bears continue their madness.
Only when we break $10000 a proper bullish scenario can be in the works

This is not financial advice please do your own research.

Mar 24
Comment: BTC cannot break the $9100 resistance we may be heading back to $8575, if the resistance is not broken the earlier support levels apply.
Mar 24
Comment: https://ibb.co/eKNBjn
Bearish Divergence. BTC likely to fall
Mar 24
Comment: Bearish Divergence confirmed. Testing support
https://www.coinigy.com/s/i/5ab70354bae9...
Mar 25
Comment: Support broken on a 1 hour chart. Next target is $8300
https://ibb.co/eWNCPn
Mar 26
Trade closed: target reached: Success $8300 Reached.
Next target if support is broken is $7859.
With a bearish crossover on a MACD one has to keep a close eye on BTC to make any trades
Mar 26
Comment: BTC is trading at $7929 as I write this, if any short positions are open, they can be closed safely. It's not wise to be too greedy and regarding TA, RSI is hit rock bottom
https://www.coinigy.com/s/i/5ab94d5ddaac...
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