Candles are smaller and smaller on daily TF, with RVI index going down after may 10 not a good sign usually ,
maybe just a conso period before going up ...
2 scénarios :
BTC break up 3 months high 10050 and next the ATH, then close up to 10350 , then it will be a big FOMO bull run to 13227 resistance...
If not, there will be a pullback to the // channel bottom,
maybe retest 8400 and 8200
A positive indicator is the 40M$ volume futures on CME in just 3 days, that came after the halving, this is a lot more than weeks before ...
it may say that Instits and hedges are going to hold more BTC and covering with futures and options ... lmao
Feel free to tell your own view on that ...
Knowledgeable support / resistance
14 Day RSI at 80% 13,227.84
14 Day RSI at 70% 10,660.00
Pivot Point 2nd Level Resistance 10,096.33
1-Month High 10,058.62
13-Week High 10,058.62
10,055.23 38.2% Retracement From 52 Week High
Pivot Point 1st Resistance Point 9,892.22
High 9,835.19 High
9,801.60 Price Crosses 18 Day Moving Average Stalls
Last 9,747.43 Last
Previous Close 9,687.94 Previous Close
9,687.14 14-3 Day Raw Stochastic at 80%
9,685.18 Pivot Point
Low 9,659.70 Low
NB: Smart people never bet more than they can afford to lose.
=====================
Trade at your own risk
This is just an idea about the current situation,NOT a trade advise .
maybe just a conso period before going up ...
2 scénarios :
BTC break up 3 months high 10050 and next the ATH, then close up to 10350 , then it will be a big FOMO bull run to 13227 resistance...
If not, there will be a pullback to the // channel bottom,
maybe retest 8400 and 8200
A positive indicator is the 40M$ volume futures on CME in just 3 days, that came after the halving, this is a lot more than weeks before ...
it may say that Instits and hedges are going to hold more BTC and covering with futures and options ... lmao
Feel free to tell your own view on that ...
Knowledgeable support / resistance
14 Day RSI at 80% 13,227.84
14 Day RSI at 70% 10,660.00
Pivot Point 2nd Level Resistance 10,096.33
1-Month High 10,058.62
13-Week High 10,058.62
10,055.23 38.2% Retracement From 52 Week High
Pivot Point 1st Resistance Point 9,892.22
High 9,835.19 High
9,801.60 Price Crosses 18 Day Moving Average Stalls
Last 9,747.43 Last
Previous Close 9,687.94 Previous Close
9,687.14 14-3 Day Raw Stochastic at 80%
9,685.18 Pivot Point
Low 9,659.70 Low
NB: Smart people never bet more than they can afford to lose.
=====================
Trade at your own risk
This is just an idea about the current situation,NOT a trade advise .