publow

publow

4hour chart BTC is at (or very close) to top of trend channel. current candle red suggesting BTC respecting channel & rejecting. Short here potential 10% return down to 27-28k.

publow Updated 

A period of uncertainty but the market is calming now after major China scare news start of week. quarterly options expiry coming so expect this to release some pressure from bears shorting down. (34-35k is battleground for options expiry) if we break 35.3k long until next support line shown. otherwise short it down to around mid 34s.

publow Updated 

Simple support & resistance. BTC price went below 28 Feb 2021 low. I drew the price lines almost 1 week ago now & every one of them has been crossed as Bitcoin drops down. Market sentiment is very negative. Currently looks like a dead cat bounce from the new low which will eventually consolidate and force price down. Next support around 37-39k as per my lower price lines.