Bitcoin appears to have bottomed out for now at
25K, making a rebound over the weekend to test $30K. We made it to our level at
31K or so before a retracement took us back to the high
29K's. The Kovach OBV appears to have bottomed out as well, and is gradually inching back up. If we break through
31K, then we will likely find resistance in the $34K's. If we sell off further, then we do have some support at $28.8K and $27.9K, then there is a vacuum zone down to
25K again.
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Join my discord at discord.io/quantguy
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.