BINANCE:BTCUSDT   Bitcoin / TetherUS
I am looking at the one hour this a.m. and we fell a bit last night. Apparently the bears dont like the idea of us crossing the .5 fib on the chart right now. We fell right through the cloud. It offered no support and we fell to the bottom of the triangle pattern which is pretty close to the .236 fib. There was a golden cross on the 1 hr yesterday but as you can see it had little effect on the candles. Those things are "hit and miss" anyways. We also didnt find any support on the 50 MA or the 200 MA... RSI looks great right now as it is over sold. I am still in my long position but if I wasnt I would likely take a position here. Although I would certainly set a stop loss. You just cant be too careful. We sank all the way to about 10100 last night but we have since bounced up a bit to 10225. Daily volume as of right now is sitting at $16,721,016,693 and Bitcoin dominance is currently at 70.06%. If we are going to turn this around the bulls better wake up and get this show on the road. But WTFDIK???
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.