BINANCE:BTCUSDT   Bitcoin / TetherUS
Taking a look at the daily chart this evening after the close and we seem to keep bouncing off the .236 fib (I highlighted it orange to make it stand out more) Dont get me wrong, we have sank below the fib but never the less it is still providing support.. It is also at the magic 10k mark where some support is to be expected. If you look at this chart we have wicked below 10k numerous times and rose back more often than not. That shows me there is a lot of buyers sub 10k. As we approach the end of the giant descending triangle I imagine we will see a bit of consolidation as the price will be coiled up between the top and bottom trend lines . As we approach the end of the triangle we are seeing declining daily volume as well which truthfully is to be expected. RSI is not going to tell us much as it is about as close to the center as possible. We are still trading below the daily cloud right now which is another bearish sign. Daily volume as of right now is at $15,168,002,723 (Just so you get an understanding of volume when we were trading at 14k daily volume was at 45 billion, now we are at 10150 and daily volume is significantly less at 15.16 billion) Bitcoin dominance is holding out at 72.17 according to Trading View. I think its pretty cool that you can look at this chart and see 7 times we wicked below 10k but managed to climb back above. We did see a brief stint under 10k recently but we did climb back up to make 10k support again. We will have to wait and see if it holds and how long that may be. But WTFDIK right?
Which indicator are those green and yellow dots
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@insomFX, I believe that is showing you all the charts i made in the past. Each flag or "dot" is showing you exactly where all my previous charts on this time frame were made
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insomFX HeisenbergBTC
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Thanks Heisenberg
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so what is your idea is it long or short ?
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@nabil92nar, I am not long
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nabil92nar HeisenbergBTC
@HeisenbergBTC, Ok thank you
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dibakar_c nabil92nar
@nabil92nar, Ideal time not to take any action and be on the sidelines.
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nabil92nar dibakar_c
@dibakar_c, ok. thank you
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This is a slow painful bleed. May be Weekend will see us a bounce like last time when we suddenly took off from 9.6K
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