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Veneficus
Mar 28, 2020 3:40 PM

Trendline Support and Resistance 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin fell from bullish trend line support, to bearish trend line support. With 12-hour stochs falling and daily stochs losing momentum, this likely indicates that price is headed downward.

Comment

While 12-hour stochs pointing down and daily stochs beginning to turn is a bearish sign, the 2-day and lower time frames could provide bitcoin momentum for another leg up.
The 2-Day close and 4-hour will be major deciding factors.

Comment

Bitcoin's two-day time frame turned up and there is bullish divergence on a two-hour time frame. It's possible price gets another push up.
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