Bitcoin looks ready for a dump. We’ve now seen continued selling pressure through the last several hours
support of the 50 MA broken at 10,900
Look at the 0.382 fib at 9,850 for a potential bullish bounce. Lots of confluence, however if broken we could have several days of downward momentum
Look at the 0.382 fib at 9,850 for a potential bullish bounce. Lots of confluence, however if broken we could have several days of downward momentum
Comment:
The 4 hour 200 MA holding as support for the time being. Bullish div on 4/1hr with lower timeframes cooking off
Market cypher readings show oversold in many timeframes. A hold at this level could initiate a fresh batch of fomo before a continuation dump. Be safe out there, wear protection.
Comment:
ETH dominance has been climbing the last few hours, price action has yet to follow. Would be interesting if ETH diverged from bitcoin price action or led the next wave