BTC in love with the Bears? Testing a minor support.
Updated
Hello
Hello!
As you can see after the bearish divergence of BTC on the OBV, BTC has fallen from the swing
High of $9100, currently it has found support on the 4 hour support at$ 8200 and forming a bearish doji
The support levels are as follows
S1 $8200
S2 (Daily) 7652
As you can see BTC is balancing on tight ropes and let’s see what unfolds in the
Days. Will the Bulls steal the show or will the Bears continue their madness.
Only when we break $10000 a proper bullish scenario can be in the works
This is not financial advice please do your own research.
Hello!
As you can see after the bearish divergence of BTC on the OBV, BTC has fallen from the swing
High of $9100, currently it has found support on the 4 hour support at$ 8200 and forming a bearish doji
The support levels are as follows
S1 $8200
S2 (Daily) 7652
As you can see BTC is balancing on tight ropes and let’s see what unfolds in the
Days. Will the Bulls steal the show or will the Bears continue their madness.
Only when we break $10000 a proper bullish scenario can be in the works
This is not financial advice please do your own research.
Note
BTC cannot break the $9100 resistance we may be heading back to $8575, if the resistance is not broken the earlier support levels apply.Note
ibb.co/eKNBjnBearish Divergence. BTC likely to fall
Note
Bearish Divergence confirmed. Testing supportcoinigy.com/s/i/5ab70354bae97/
Note
Support broken on a 1 hour chart. Next target is $8300ibb.co/eWNCPn
Trade closed: target reached
Success $8300 Reached.Next target if support is broken is $7859.
With a bearish crossover on a MACD one has to keep a close eye on BTC to make any trades
Note
BTC is trading at $7929 as I write this, if any short positions are open, they can be closed safely. It's not wise to be too greedy and regarding TA, RSI is hit rock bottomcoinigy.com/s/i/5ab94d5ddaac6/
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