DTF
BTC still not able to break out of downtrend channel
EMAs have confluenced
200 EMA is support
Fib .50 is resistance
Fib .61 is support
Heavy cloud resistance
Stoch RSI is going into oversold region, weak market
Need big volume to break multiple resistance levels
Overall on short term, we might see a drop but it seems to be setting the things for big run in coming days or weeks.
BTC still not able to break out of downtrend channel
EMAs have confluenced
200 EMA is support
Fib .50 is resistance
Fib .61 is support
Heavy cloud resistance
Stoch RSI is going into oversold region, weak market
Need big volume to break multiple resistance levels
Overall on short term, we might see a drop but it seems to be setting the things for big run in coming days or weeks.
Comment:
Testing 200 EMA again, cloud is not letting it through
Comment:
Bull flag formation here, RSI in oversold zone, should pump here.
But given unexplained market movement like sudden pump & dump out of nowhere makes me feel to be more cautious than optimistic on this
But given unexplained market movement like sudden pump & dump out of nowhere makes me feel to be more cautious than optimistic on this
Comment:
BTC bounced after a big dump and it honoured the channel it was in. Still there are possibilities of more downside.
Comment:
Where we are headed to?
5800?
Weekly chart says like that
5800?
Weekly chart says like that
Comment:
BTC not able to break hourly ceiling ~ 7800