BTC 1M chart not showing any signs of divergence on the CCI. Still a way to go yet to get below -100.0000.
This could mean that price will fall some more.
Thought I'd look at the last bull run from 2013 for any clues for were the present price could possibly be at and were it could be heading.
This could mean that price will fall some more.
Thought I'd look at the last bull run from 2013 for any clues for were the present price could possibly be at and were it could be heading.
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That’s 1 month chart.
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Same period but weekly chart, showing divergence on the CCI.
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This year on the Weekly. Its certainly not as clear as in 2015, we have higher lows and lower highs on the CCI. Its squeezing to a point with price and on the CCI indicator. The angle of the decending resistance line is very step compared to the ascending support line ... More down pressure I think. It has been 9 months since our high price. I still believe BTC has some consolidation to go.
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Resistance now @ $5700
If we break orange support line next major support $4600 and decending red line.
If we break orange support line next major support $4600 and decending red line.
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Sorry ..Re above..TV didnt copy my BTC link.