Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
- Extreme oversold on RSI (sub 20) - Nearing bottom of bearish pricing channel (~5,980) - Strong support from 11/2017 levels (5,400 - 6,100)
BTC is following a bearish flag channel lower. Looking for a turn south at 13,800. I expect it to challenge the recent low at 11,800 and head for 10,800 with a break from there. There is a confluence of support at 10,800, including the 200 DMA and LT trend support, which should require a few tries. Should 10,800 break, 8,700 will be the next stop lower. If on the...