Will we get one more push down towards the area between the blue and yellow rectangles?
The green box is unlikely to hold since the daily Stochastic has already broken its trend. The daily RSI has a slight bearish divergence. The volume to the downside is increasing and the macD histogram is ticking down. The daily TD is currently on a red 8 meaning another 24-48 hours of downside are likely.
There is also twice as many longs as shorts on https://blockchainwhispers.com/bitmex-position-calculator/ being a weekend we will probably see some whales push the price around liquidating over leveraged traders.
In the blue box the daily 55 & 200 SMA line up with support & resistance points from July, November and January.
The I see the area of the yellow rectangle as unlikely to be broken as the 0.5 retrace lines up with the 21 weekly SMA as well as the top of the daily ichimoku cloud and the bottom of the weekly ichimoku cloud. It is also strong support/resistance zone from September-October and again in January.
As long as we keep closing above the red rectangle I'm bullish on
BTCUSD
The green box is unlikely to hold since the daily Stochastic has already broken its trend. The daily RSI has a slight bearish divergence. The volume to the downside is increasing and the macD histogram is ticking down. The daily TD is currently on a red 8 meaning another 24-48 hours of downside are likely.
There is also twice as many longs as shorts on https://blockchainwhispers.com/bitmex-position-calculator/ being a weekend we will probably see some whales push the price around liquidating over leveraged traders.
In the blue box the daily 55 & 200 SMA line up with support & resistance points from July, November and January.
The I see the area of the yellow rectangle as unlikely to be broken as the 0.5 retrace lines up with the 21 weekly SMA as well as the top of the daily ichimoku cloud and the bottom of the weekly ichimoku cloud. It is also strong support/resistance zone from September-October and again in January.
As long as we keep closing above the red rectangle I'm bullish on
註釋
So far we're holding the Daily 200 SMA and top of the ichimoku cloud.4Hour is on a TD 9 and Stochastic is starting to curve back up, but most other indicators point to the downside.
I guess today's should give us an indication if we will hit the next target around the 21 Weekly SMA or 0.618 fib retracement.
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