$BTC January pattern repetition still in tact with the upcoming confluence between monthly support and EMA55 crossing at about $49.4K.
Key level to watch. Volume is so far bearish so there is no indication of price reversal as of yet.
$BTC had formed lower highs followed by double bottoms before breaking upwards on Jan. 14th and it might be just the case here since the bears haven't yet won this one. If that's the case, we're holding the support at $54K and gain speed into April.
Of course it's only my personal opinion, but looking at RSI being near the oversold area and considering that it held the $54 region without crushing to $50K throughout the Asia session, I tend to believe the dip is for now over and we are heading to reclaim the strong volume $54K and perhaps heading into $58K region by Thursday #bitcoin ...
$DGB is setup to have an equally valid move on both, rising and falling channel. Will it drop towards $0.059 which seems to be a strong magnet as both channels cross there or invalidate the falling channel and move along on the rising towards $0.068? Will be watching closely #digibyte
$RVN is moving perfectly on the rising channel and claiming resistance on the daily at $0.181 but it's missing the volume. If it breaks it upwards, the bulls will step in it and it can hit $0.22 within a day #ravencoin
$BTC has been moving in similar channels on the 4H and the current channel is moving between 38.2% ($47.2K) and 23.6% ($51.3K) Fib levels. Watching out for the price action at the $51.3K to determine whether this is a bull trap given that Sundays are not usually days of price increase. Could it be the effect of $1.9trillion stimuli bill? #bitcoin #cryptocurrency
Possible H&S formation over the weekend will see the price fall to $44.6K (current support level) over the weekend with a strong bearish pull towards EMA55 which will then provide the support at $42K #bitcoin $BTC
Clear signs of bearish divergence on the 4H, this could signify a downward trend for the day. At the moment riding the EMA13, if it drops below that, it could go all the way to $47K $bitcoin #cryptocurrency