Seeing some small divergences on the OBV, MACD, and RSI the last push on the Bitstamp
BTCUSD
and Bitfinex
BTCUSD
15 minute. TD count shows a exhaustion cycle coming to an end soon on the 15 minute but exhaustion cycles have been unreliable on ₿TC lately. Hourly and and higher time frames don't show the divergence but do show that a cool down is needed to at least the two local support levels shown on the 15 minute PINK support lines. Volume is your friend to find which one we bounce on so stay glued to it when we approach them.
Bitfinex 15 minute indicators
Bitfinex Hourly
Bitfinex 4 hour
I am expecting a cool down and then a continuance upward. One thing to note is the volume levels have remained on par with the rally as far as the CMF is concerned. We are seeing heavy buying pressure still but do show a minor weakness in strength. I never under estimate ₿itcoin though. 27k by Near Years
BTCUSD
and Bitfinex
BTCUSD
15 minute. TD count shows a exhaustion cycle coming to an end soon on the 15 minute but exhaustion cycles have been unreliable on ₿TC lately. Hourly and and higher time frames don't show the divergence but do show that a cool down is needed to at least the two local support levels shown on the 15 minute PINK support lines. Volume is your friend to find which one we bounce on so stay glued to it when we approach them. Bitfinex 15 minute indicators
I am expecting a cool down and then a continuance upward. One thing to note is the volume levels have remained on par with the rally as far as the CMF is concerned. We are seeing heavy buying pressure still but do show a minor weakness in strength. I never under estimate ₿itcoin though. 27k by Near Years
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All posts are for educational purposes and are simply my views of markets conditions.
Please do your own research and use my content to educate yourself.
Please do your own research and use my content to educate yourself.
