Good Morning/Afternoon Update
The
BTC GAP was FILLED yesterday.
38k is minor support, don't expect a stand there but bounce possible.
Dotted lines are Fibonacci levels.
#BTC 37k price target very close.
#Bitcoin 32k is a stretch but anything is possible with a volatile asset.
Bearish moving avg crossover is shown by the yellow Circle
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Shown elsewhere, see profile for more info:
A big X account speaks about positive divergence on 4hr chart.
Futures shows nothing of the sort.
Spot #BTC shows TINY divergence but NOT what should be used to trade or step in, IMO. Bounce? Maybe, we saidBTC is at small support
Don't see any signs of turnaround for #bitcoin yet.
Sell volume is reducing, that's a +.
The
BTC GAP was FILLED yesterday.38k is minor support, don't expect a stand there but bounce possible.
Dotted lines are Fibonacci levels.
#BTC 37k price target very close.
#Bitcoin 32k is a stretch but anything is possible with a volatile asset.
Bearish moving avg crossover is shown by the yellow Circle
------
Shown elsewhere, see profile for more info:
A big X account speaks about positive divergence on 4hr chart.
Futures shows nothing of the sort.
Spot #BTC shows TINY divergence but NOT what should be used to trade or step in, IMO. Bounce? Maybe, we said
BTC is at small supportDon't see any signs of turnaround for #bitcoin yet.
Sell volume is reducing, that's a +.
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