Short-term support forming for BITFINEX:BTCUSD by chetjames — TradingView

Trend Analysis bitcorn

trendanalysis bitcorn

BTCUSD short term support holding above cloud and .786 fib

Weak trend line holding price at that level as well..beardiv forming on RSI so long-term still looking a bit risky.

If we hold above cloud I'm expecting a bounce to a $7800 zone before more chop

Comment:

Updated support zone for clarity

snapshot

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