Bitcoin price action bellow EMA 21,50,100,200 Downtrend. Crashed to 8350 price level. Current small accumulation between 8400 and 8500$.
Bitcoin closed bellow Resistance line. Potential S/R flip at 8550 before retest Resistance at 8850. Most Bearish scenario dump to 7950$.
Volume: weak volume don't confirm bullish price action.
Indicators: RSI bullish divergence, RSI bellow 50 points, MACD bullish crossover bellow zero line. Weak bullish sign.
Patterns: Dead cat bounce at 9254$ and BART at 9200$.
S/R: Major Support at 7950, Support 8350, Resistance 8550, Major Resistance 8850.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Bitcoin closed bellow Resistance line. Potential S/R flip at 8550 before retest Resistance at 8850. Most Bearish scenario dump to 7950$.
Volume: weak volume don't confirm bullish price action.
Indicators: RSI bullish divergence, RSI bellow 50 points, MACD bullish crossover bellow zero line. Weak bullish sign.
Patterns: Dead cat bounce at 9254$ and BART at 9200$.
S/R: Major Support at 7950, Support 8350, Resistance 8550, Major Resistance 8850.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
