Bitcoin has broken down through support at $23.9K. We have been teasing this level for a while now, and finally broke through. We anticipated lower prices, as several attempts at higher prices, including $25.1K have failed swiftly. We are currently in the vacuum zone above $22.4K. The Kovach OBV has slumped, indicating that momentum has petered out for now. We need some buyers to return to the table before anything significant happens. If so, $23.9K and $25.1K should provide steep resistance. From below $22.4K should provide support.
Join my discord at discord.io/quantguy
Related publications
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.
Join my discord at discord.io/quantguy
Related publications
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.