KryptoKaro

Still Bearish on Day Chart BTC

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC price is currently being supported by 100 day EMA . Also large support exists given the price volume profile visible range around 8800. CMF looks to have hit the top and will now see more selling pressure as it declines. We are not seeing spikes and dips in the OBV so volume has been relatively constant. Ichimoku Cloud is in the red zone with the Base line (pink) still above the Conversion line (Orange), a bearish signal.

Still a very bearish outlook on the Day chart. Price will need to break 12k for a bull reversal.