BINANCE:BTCUSDT   Bitcoin / TetherUS
Taking a look at the 4hr chart today and we sank again last night. We rose to about 10300 and got smacked down to 9875. We did recover to 10025 where we are currently trading at this time. The golden cross on this chart already looks as if it is reversing course so keep an eye on that. Currently the .236 fib (red line) is providing support but it looks like we are really testing it right now so I wouldnt be surprised if it broke fairly soon. It has provided decent support over the past week or so. Lets see if it holds this time. RSI is low but not quite oversold. We are also officially below the 50 MA on the daily which isnt particularly bullish . As of right now daily volume is sitting at $15,755,910,552 and Bitcoin dominance is hovering around 72.03%. Even when the price drops the dominance stays the same... Bears won the day yesterday. Lets see if the bulls are out for revenge... But WTFDIK?
Great analysis. Thanks for sharing your expertise. The TV community thanks you. We go together!
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