EngineersEye

📉 Daily Bitcoin chart review 📈

BINANCE:BTCUSDT   Bitcoin / TetherUS
That chart is becoming really ugly for trading. While price moves sideway within ~22400-24300 range, momentum at daily is turning bearish. Yesterday choppy market killed both long and short stops. If today BTC manage to get above ~23500, there will be another day of chop chop action. If fail possible start of retracement. Nearest 4-8 hours will show the way.

D22-23: AC ⬆️🔻 AO ⬆️🔻
D21: AC ⬆️🔻 AO ⬆️⬆️
D15-20: AC ⬆️⬆️ AO ⬆️⬆️

Resistance 23470 - 23900 - 24240
Support 22900 - 22300 - 22000

😱 Fear & Greed index: 86 (<= 93 <= 88 <= 92)

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.