BTC/USD seems to present quite well on 1D chart - closing in to middle Bollinger band, currently trying to break the oblique trendline down, MACD crossing towards bullish, and RSI pointing up, and potentially having completed downward waves. The volume however is even lower than before. It will be important to first cross 7.8k (conjunction of 0.618 fib retrace + middle bollinger band + break of downward oblique line) to aim for 8.5k.
Note
So the bollinger bands pinched and pinched and we exploded to the downside. There was decidedly no conviction in the past upward move! We're currently battling at April levels, hoping it would hold. Or more bargains are to come very soon!
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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.