Refer to 4 hourly chart, bullish divergence occurred - it's a sign of reversal pattern.
Strong support in the range from USD 4,000 to USD 4,300, as USD 4,195 = EMA 200 weeks, and USD 4,300 = 0.786 Fibonacci Retracement level.
In addition, the said support range is converging to the "all time uptrend line - refer to Steve, Crypto Crew University".
RSI daily shown in Oversold region.
I would like to see a reversal / bounce from here.
Strong support in the range from USD 4,000 to USD 4,300, as USD 4,195 = EMA 200 weeks, and USD 4,300 = 0.786 Fibonacci Retracement level.
In addition, the said support range is converging to the "all time uptrend line - refer to Steve, Crypto Crew University".
RSI daily shown in Oversold region.
I would like to see a reversal / bounce from here.
Comment:
BTC/USD facing several resistances.
BTC/USD facing several resistances.
Comment:
BTC/USD smaller time frame show sign of reversal.
Retracement probably in the range of USD 4,100 - USD 4,200 (converging to EMA 200 weeks).
I personally look at us in the "Disbelief Stage". Every one very bearish and doubt on the market situation. This is very similar to September last year. The bull probably come way faster than anyone of us predicted.
BTC/USD smaller time frame show sign of reversal.
Retracement probably in the range of USD 4,100 - USD 4,200 (converging to EMA 200 weeks).
I personally look at us in the "Disbelief Stage". Every one very bearish and doubt on the market situation. This is very similar to September last year. The bull probably come way faster than anyone of us predicted.
Comment:
Bearish Divergence shown in 1hour chart.
Bearish Divergence shown in 1hour chart.
I would like to see a reversal / bounce from here.