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BTCUSD where is the support!!?
Quick TA on our king Bitcoin
We have observed the following,
- Price action trending in a downward channel
- Recent Death Cross printed with price action maintaining below the short MA (in green)
- No divergence observed on RSI (downtrend maintained)
- No divergence observed on MACD (downtrend maintained)
- Volume is diminishing
- ADX + DI bearish momentum is maintained
for these reasons above, it is likely for BTC to continue downwards in the short term until signs of reversal are found.
Some key levels to look out for (likely pivot points)
- 9,500
- 8,500
We have observed the following,
- Price action trending in a downward channel
- Recent Death Cross printed with price action maintaining below the short MA (in green)
- No divergence observed on RSI (downtrend maintained)
- No divergence observed on MACD (downtrend maintained)
- Volume is diminishing
- ADX + DI bearish momentum is maintained
for these reasons above, it is likely for BTC to continue downwards in the short term until signs of reversal are found.
Some key levels to look out for (likely pivot points)
- 9,500
- 8,500
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