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Yoann06
May 21, 2020 7:01 PM

Last Chart update 

Bitcoin / TetherUSBinance

Description

still in downtrend
if bottom of the channel 8.8k breaks then we're have good chance to retest the 8.4 / 8.2k support

volumes and RVI still real heading donw, Mempool pending transaction gone nuts, raising from 11k on may 8th to nearly 47k !
RSI huge oversold .....


9,328.92 Pivot Point 1st Support Point
9,326.89 Price Crosses 9 Day Moving Average
9,163.22 Price Crosses 18 Day Moving Average
9,129.93 14-3 Day Raw Stochastic at 50%
9,100.57 3-10-16 Day MACD Moving Average Stalls
9,070.20 Pivot Point 2nd Support Point
8,884.79 50% Retracement From 52 Week High/Low

Last 8,828.49

8,824.84 38.2% Retracement From 4 Week High
8,758.45 14-3 Day Raw Stochastic at 30%
8,675.87 14 Day RSI at 50%
8,572.72 14-3 Day Raw Stochastic at 20%
8,443.73 50% Retracement From 4 Week High/Low
8,062.62 38.2% Retracement From 4 Week Low


Feel free to tell your own view on that ...


NB: Smart people never bet more than they can afford to lose.
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Trade at your own risk
This is just an idea about the current situation,NOT a trade advise .

Comment

OK , bounced on channel support,
now ?
we re going to have some up & down in the 9.2 / 8.9k range
maybe another 8.8 / 8.9k test, and then bounce to 9.5K
Checking out volume sRSI MACD and RVi
it seems it will go back another time again
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