Bitcoin fell from bullish trend line support, to bearish trend line support. With 12-hour stochs falling and daily stochs losing momentum, this likely indicates that price is headed downward.
Note
While 12-hour stochs pointing down and daily stochs beginning to turn is a bearish sign, the 2-day and lower time frames could provide bitcoin momentum for another leg up.The 2-Day close and 4-hour will be major deciding factors.
Note
Bitcoin's two-day time frame turned up and there is bullish divergence on a two-hour time frame. It's possible price gets another push up.
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.
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.